Fang Yunzhou cancelled the acquisition of 4.8% stake in Zhejiang Hozon New Energy Automobile Co., Ltd. from Hongli Zhihui Group Co., Ltd..
September 24, 2018
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Fang Yunzhou signed an agreement to acquire 4.8% stake in Zhejiang Hozon New Energy Automobile Co., Ltd. from Hongli Zhihui Group Co., Ltd. (SZSE:300219) for CNY 80 million on September 25, 2017. Under the terms of transaction, Fang Yunzhou will pay CNY 80 million within five working days after the signing of this agreement. The final completion of the equity transfer shall be subject to the registration formalities for industrial and commercial registration and shall be subject to the date of completion of the transfer.
Fang Yunzhou cancelled the acquisition of 4.8% stake in Zhejiang Hozon New Energy Automobile Co., Ltd. from Hongli Zhihui Group Co., Ltd. (SZSE:300219) on September 25, 2018.
Hongli Zhihui Group Co Ltd is a China-based company mainly engaged in the production and sales of light emitting diode (LED) packaging products and general lighting products. The Company operates three segments: LED Packaging segment, LED Automotive Lighting segment and Internet Owner Services segment. The LED Packaging segment is mainly engaged in the production and sales of LED packaging products and general lighting products. The LED Automotive Lighting segment is mainly engaged in the production and sales of automotive lighting products. The Internet Owner Services segment is mainly engaged in Internet services.