Haian Ruihai Urbanization Investment and Construction Co., Ltd. completed the acquisition of a 5.77% stake in Jiangsu Zongyi Co.,LTD from Nantong Zongyi Investment Co., Ltd.
November 20, 2022
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Haian Ruihai Urbanization Investment and Construction Co., Ltd. signed a share transfer agreement to acquire 5.77% stake in Jiangsu Zongyi Co.,LTD (SHSE:600770) from Nantong Zongyi Investment Co., Ltd. for approximately CNY 600 million on June 29, 2022. As per the transaction, Haian Ruihai Urbanization Investment and Construction Co., Ltd. will acquire 75 million shares at CNY 7.96 per share.
Haian Ruihai Urbanization Investment and Construction Co., Ltd. completed the acquisition of a 5.77% stake in Jiangsu Zongyi Co.,LTD (SHSE:600770) from Nantong Zongyi Investment Co., Ltd. on November 21, 2022.
Jiangsu Zongyi Co.,LTD is a China-based company, principally engaged in the operation of solar energy business. Its energy business mainly includes the construction and operations management of solar power stations. The Company is also engaged in chip design and application, high temperature superconducting (hts) filters, the Internet lotteries and mobile games related businesses, and stock investing business.
Haian Ruihai Urbanization Investment and Construction Co., Ltd. completed the acquisition of a 5.77% stake in Jiangsu Zongyi Co.,LTD from Nantong Zongyi Investment Co., Ltd.