Zhejiang Free Trade Zone Jingyuan Investment Partnership (Limited Partnership) cancelled the acquisition of 9.18% stake in Beijing KeHua Micro-Electronic Material Co., Ltd. from Jiangsu Nata Opto-electronic Material Co., Ltd..
April 20, 2021
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Zhejiang Free Trade Zone Jingyuan Investment Partnership (Limited Partnership) signed an agreement to acquire 9.18% stake in Beijing KeHua Micro-Electronic Material Co., Ltd. from Jiangsu Nata Opto-electronic Material Co., Ltd. (SZSE:300346) for CNY 50 million on April 21, 2020. Payment will be done in 2 installments: a 1st installment of CNY 20 million payable within 7 days since signing of the respective agreement and a 2nd installment of CNY 30 million payable within 7 days since completion of change of registry procedures. As of December 31, 2019, Beijing KeHua Micro-Electronic Material Co., Ltd. has reported total assets of CNY 327.2 million, net assets of CNY 120.8 million, operating revenue of CNY 70.46 million, total profit of CNY 6.42 million and net profit of CNY 5.45 million.
Zhejiang Free Trade Zone Jingyuan Investment Partnership (Limited Partnership) cancelled the acquisition of 9.18% stake in Beijing KeHua Micro-Electronic Material Co., Ltd. from Jiangsu Nata Opto-electronic Material Co., Ltd. (SZSE:300346) on April 21, 2021.
Jiangsu Nata Opto-electronic Material Co., Ltd. is principally engaged in the research, development, production and distribution of metal organic sources (MO sources). The Company mainly provides trimethyl gallium, trimethyl indium, triethyl gallium, trimethyl aluminium and cyclopentadienyl magnesium, among others. The Company's products are mainly used in the manufacturing of light emitting diode (LED) , solar energy batteries, phase change memories, semiconductor laser equipment, as well as radio frequency integrated circuit chips, among others. Its products are mainly applied in semiconductor lighting, information communication and aerospace industries. The Company distributes its products within domestic market and to overseas markets.
Zhejiang Free Trade Zone Jingyuan Investment Partnership (Limited Partnership) cancelled the acquisition of 9.18% stake in Beijing KeHua Micro-Electronic Material Co., Ltd. from Jiangsu Nata Opto-electronic Material Co., Ltd..