Jiaxing Jiajing Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 5% stake in Motic Electric Group Co.,Ltd from Speed Fair Co. Ltd. and Motic Holdings Co., Limited.
April 08, 2021
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Jiaxing Jiajing Investment Partnership Enterprise (Limited Partnership) signed share transfer agreement to acquire 5% stake in Motic (Xiamen) Electric Group Co.,Ltd (SZSE:300341) from Speed Fair Co. Ltd. and Motic Holdings Co., Limited for approximately CNY 220 million on December 19, 2020. Under the terms, Jiaxing Jiajing Investment Partnership Enterprise will acquire 25.5 million shares at CNY 8.8 per share. In related transactions, Beijing Yizhuang Investment Holdings Limited and Jiaxing Jiayi Investment Partnership Enterprise (Limited Partnership) also signed agreements to acquire 29.99% and 5% stake in Motic (Xiamen) Electric Group for CNY 1.3 billion and approximately CNY 220 million respectively on December 19, 2020.
Jiaxing Jiajing Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 5% stake in Motic (Xiamen) Electric Group Co.,Ltd (SZSE:300341) from Speed Fair Co. Ltd. and Motic Holdings Co., Limited on April 9, 2021.
Motic Xiamen Electric Group Co Ltd is a China-based company principally engaged in the digital medical, smart optics, and smart electrical businesses. The Company operates three segments. The Electrical Business segment mainly produces and sells insulation products and other related components for the power transmission and transformation industry and is engaged in the technology research and development and operation of the energy Internet. Its main products include three-phase or single-phase basin insulators, insulating tie rods, sealed terminals, Solid-sealed poles, bushings, pillar insulators and insulating devices for maglev and electrified railways. The Optical Business segment mainly produces and sells instruments, meters, electronic products, optical, mechanical, and electrical integration products, microscope system integration and other products. The Medical Business segment mainly produces and sells medical testing products and provides medical diagnostic services.
Jiaxing Jiajing Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 5% stake in Motic Electric Group Co.,Ltd from Speed Fair Co. Ltd. and Motic Holdings Co., Limited.