Nantong Zongyi Investment Co., Ltd. cancelled the acquisition of Shenzhen ZongYi Technology Co., Ltd. from Jiangsu Zongyi Co.,LTD.
December 03, 2020
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Nantong Zongyi Investment Co., Ltd. agreed to acquire Shenzhen ZongYi Technology Co., Ltd. from Jiangsu Zongyi Co.,LTD (SHSE:600770) for CNY 160 million on December 4, 2019. For the year ended October 31, 2019, Shenzhen ZongYi Technology Co., Ltd. reported total assets of approximately CNY 520 million and net assets of approximately CNY 270 million. The transaction is subject to shareholders' approval.
Nantong Zongyi Investment Co., Ltd. cancelled the acquisition of Shenzhen ZongYi Technology Co., Ltd. from Jiangsu Zongyi Co.,LTD (SHSE:600770) on December 4, 2020.
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.