Noblelift Intelligent Equipment Co.,Ltd. cancelled the acquisition of remaining 10 % stake in Wuxi Zhongding Integrated Technology Company Ltd from Zhang Yuanchao.
May 19, 2020
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Noblelift Intelligent Equipment Co.,Ltd. (SHSE:603611) entered into an agreement to acquire remaining 10 % stake in Wuxi Zhongding Integrated Technology Company Ltd from Zhang Yuanchao for approximately CNY 100 million on May 20, 2019. As of December 31, 2018, Wuxi Zhongding reported total assets worth CNY 1.3 billion, net assets worth approximately CNY 280 million, annual revenues worth approximately CNY 700 million and net profit worth CNY 79.7 million. The transaction is subject to approval by shareholders of Noblelift Intelligent Equipment Co.,Ltd. The transaction has been approved by Board of Directors of Noblelift Intelligent Equipment Co.,Ltd. On June 6, 2019, the transaction was approved by the 2019 3rd extraordinary shareholders’ meeting of Noblelift Intelligent Equipment Co.,Ltd.
Noblelift Intelligent Equipment Co.,Ltd. (SHSE:603611) cancelled the acquisition of remaining 10 % stake in Wuxi Zhongding Integrated Technology Company Ltd from Zhang Yuanchao on May 20, 2020.
Noblelift Intelligent Equipment Co Ltd is a China-based company mainly engaged in intelligent manufacturing equipment business and intelligent logistics system business. The Company's Intelligent Manufacturing Equipment Business segment is mainly engaged in the research, development, manufacturing, sales and related services of logistics equipment. Its main products include industrial vehicles such as light and small handling vehicles, motorized industrial vehicles, and automated guided vehicles (AGV) forklifts. The main business of the Intelligent Logistics System Business segment includes the solutions provision of project design, data simulation, equipment manufacturing, installation and commissioning, after-sales service of automated three-dimensional warehousing systems, automated transportation and sorting systems, unmanned handling robots and systems, and automated logistics software systems. The Company conducts its businesses within domestic and overseas markets.
Noblelift Intelligent Equipment Co.,Ltd. cancelled the acquisition of remaining 10 % stake in Wuxi Zhongding Integrated Technology Company Ltd from Zhang Yuanchao.
NOBLELIFT INTELLIGENT EQUIPMENT CO.,LTD. 
