Tongling Chenxing Asset Operations Management Co., Ltd. completed the acquisition of Zonfa Technology Co., Ltd. from WenYi Trinity Technology Co., Ltd.
November 31, 2023
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Tongling Chenxing Asset Operations Management Co., Ltd. agreed to acquire Zonfa (Tongling) Technology Co., Ltd. from WenYi Trinity Technology Co., Ltd (SHSE:600520) for approximately CNY190 million on August 11, 2023. This has been approved in the 13th Meeting of WenYi Trinity Technology Co., Ltd (SHSE:600520) 8th Directorate held on August 11, 2023, and is subject to the Shareholders? Approval. As of August 29, 2023, WenYi Trinity Technology Co., Ltd shareholders approved the transaction at ESM held on August 28, 2023.
Tongling Chenxing Asset Operations Management Co., Ltd. completed the acquisition of Zonfa (Tongling) Technology Co., Ltd. from WenYi Trinity Technology Co., Ltd (SHSE:600520) on November 1, 2023.
WenYi Trinity Technology Co Ltd is a China-based company principally engaged in the research and development, production and sales of molds and precision spare parts. The Company mainly operates two segments. Mold Product segment mainly designs, manufactures and sells semiconductor integrated circuit packaging and testing equipment, molds, automatic cutting and molding systems and automation equipment, as well as designs, develops, manufactures and sells extrusion molds and extrusion supporting equipment. Hardware Precision Parts segment includes precision parts manufacturing, bearing seats and supporting injection molding parts business. The Company's main products include plastic profile extrusion molds, electronic plastic packaging molds, packaging robot integrated systems, plastic packaging presses, systems, punching and molding systems and other products. The Company distributes its products within the domestic market and to overseas markets.