Henan Hi-Tech Venture Capital Co., Ltd. completed the acquisition of 5.46% stake in Longhua Technology Group Co., Ltd. from Li Mingwei and Li Mingqiang.
January 20, 2019
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Henan Hi-Tech Venture Capital Co., Ltd. agreed to acquire 5.46% stake in Longhua Technology Group (Luoyang) Co., Ltd. (SZSE:300263) from Li Mingwei and Li Mingqiang for CNY 200 million on December 18, 2018. Before the transaction, Li Mingwei and Li Mingqiang hold 67 million and 68.6 million shares respectively and Li Mingwei and Li Mingqiang will sell 43.7 million and 6.3 million shares respectively of Longhua Technology Group (Luoyang) Co., Ltd.
Henan Hi-Tech Venture Capital Co., Ltd. completed the acquisition of 5.46% stake in Longhua Technology Group (Luoyang) Co., Ltd. (SZSE:300263) from Li Mingwei and Li Mingqiang on January 21, 2019.
Longhua Technology Group Luoyang Co Ltd, formerlyLuoyang Longhua Heat Transfer & Energy Conservation Co Ltd, is a China-based company mainly engaged in the research and development and innovation of energy-saving and environmental protection equipment. The Company mainly operates three businesses. Energy conservation and environmental protection business includes industrial heat transfer energy conservation business, environmental protection business and extraction and separation business. The electronic new materials business is engaged in the research, development and production of high-purity molybdenum and molybdenum alloy targets, silver alloy targets and other products, which are used in the nuclear industry, single crystal silicon and other fields. The polymer composite material business's products include resin composite materials, structural foam materials and other structural and functional integrated materials.
Henan Hi-Tech Venture Capital Co., Ltd. completed the acquisition of 5.46% stake in Longhua Technology Group Co., Ltd. from Li Mingwei and Li Mingqiang.
LONGHUA TECHNOLOGY GROUP CO.,LTD. 
