Suzhou Shajiabang Tourism Development Co., Ltd. signed an agreement to acquire 5.6% stake in Jiangsu Zhongli Group Co.,Ltd from Jiangsuzhongli Holdings Group Co., Ltd. for CNY 18.7 million.
January 14, 2021
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Suzhou Shajiabang Tourism Development Co., Ltd. signed an agreement to acquire 5.6% stake in Jiangsu Zhongli Group Co.,Ltd (SZSE:002309) from Jiangsuzhongli Holdings Group Co., Ltd. for CNY 18.7 million on January 14, 2021. Suzhou Shajiabang Tourism Development will acquire 4.9 million shares at an offer per share of CNY 3.83. Out of CNY 18.7 million, CNY 9.36 million would be transferred within 5 days from the effective date of this agreement and CNY 9.36 million within 3 days from the date when all the underlying shares are transferred. After completion of the transaction, Jiangsuzhongli Holdings Group will hold 0.04 million shares after completion of the transaction.
Jiangsu Zhongli Group Co Ltd, formerly Zhongli Science And Technology Group Co.,Ltd, is a China-based company principally engaged in the manufacture and sale of cables and optical cables, as well as the development and operation of photovoltaic power stations. The Company's main products include flame retardant and fire resistant flexible cables, metal conductors, cable compounds, optical cables and other cables, marine cables, photovoltaic solar cells and modules, and optical wands and optical fibers, among others. The Company distributes its products in domestic market and to overseas markets.
Suzhou Shajiabang Tourism Development Co., Ltd. signed an agreement to acquire 5.6% stake in Jiangsu Zhongli Group Co.,Ltd from Jiangsuzhongli Holdings Group Co., Ltd. for CNY 18.7 million.