Beijing Xingkai Investment Co., Ltd. completed the acquisition of an additional 10% stake in Houpu Clean Energy Co., Ltd. from Jiang Tao.
December 10, 2020
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Beijing Xingkai Investment Co., Ltd. signed a share transfer agreement to acquire an additional 10% stake in Houpu Clean Energy Co., Ltd. (SZSE:300471) from Jiang Tao for approximately CNY 370 million on November 17, 2020. Beijing Xingkai will acquire 36.5 million shares at CNY 10.01 per share. Post transaction, Beijing Xingkai Investment Co., Ltd. will hold 15.51% stake and Jiang Tao will hold 13.6% stake. In a related transaction, Wang Jiwen signed a share transfer agreement to acquire 10% stake in Houpu Clean Energy Co., Ltd. from Jiang Tao.
Beijing Xingkai Investment Co., Ltd. completed the acquisition of an additional 10% stake in Houpu Clean Energy Co., Ltd. (SZSE:300471) from Jiang Tao on December 11, 2020.
Houpu Clean Energy Group Co Ltd, formerly Houpu Clean Energy Co Ltd, is a China-based company mainly engaged in the manufacture of cleaning equipment. The Company operates in five segments. Special Equipment Manufacturing segment is mainly engaged in the research and development, production and integration of natural gas and hydrogen energy fueling equipment. Engineering Design segment is mainly engaged in engineering contracting of natural gas and hydrogen energy related projects. Aviation Parts Manufacturing segment is mainly engaged in the production of parts and components in the aviation field. Marine Business segment mainly produces marine gas supply systems, heat exchangers and others. Natural Gas Sales Business segment mainly distributes natural gas.