Huachuang Securities Qianjing No. 8 Single Asset Management Plan, managed by HuaChuang Securities Co., Ltd., Asset Management Arm completed the acquisition of 5.99% stake in Zhejiang East Crystal Electronic Co.,Ltd. from Qianshi Capital – Tianze No. 9 Asset Management Plan, Qianshi Capital – Tianze No. 10 Asset Management Plan, Qianshi Capital – Tianze No. 11 Asset Management Plan, managed by Beijing Chance Capital Management Co., Ltd.
May 06, 2021
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Huachuang Securities Qianjing No. 8 Single Asset Management Plan, managed by HuaChuang Securities Co., Ltd., Asset Management Arm signed an agreement to acquire 5.99% stake in Zhejiang East Crystal Electronic Co.,Ltd. (SZSE:002199) from Qianshi Capital – Tianze No. 9 Asset Management Plan, Qianshi Capital – Tianze No. 10 Asset Management Plan, Qianshi Capital – Tianze No. 11 Asset Management Plan, managed by Beijing Chance Capital Management Co., Ltd. for CNY 83 million on February 28, 2021. Buyers will purchase 14.58 million shares at CNY 5.69 per share. Post the transaction, Beijing Chance Capital Management Co., Ltd. will hold 8.81% stake in Zhejiang East Crystal Electronic Co.,Ltd.
Huachuang Securities Qianjing No. 8 Single Asset Management Plan, managed by HuaChuang Securities Co., Ltd., Asset Management Arm completed the acquisition of 5.99% stake in Zhejiang East Crystal Electronic Co.,Ltd. (SZSE:002199) from Qianshi Capital – Tianze No. 9 Asset Management Plan, Qianshi Capital – Tianze No. 10 Asset Management Plan, Qianshi Capital – Tianze No. 11 Asset Management Plan, managed by Beijing Chance Capital Management Co., Ltd. on May 7, 2021.
ZHEJIANG EAST CRYSTAL ELECTRONIC CO., LTD. is a China-based company principally engaged in the research, development, design, manufacture and distribution of electronic components. The Company primarily provides surface mount device (SMD) quartz crystal resonators, oscillators, ceramic tubular capacitors and light emitting diodes (LEDs), among others. The Company's products are mainly used in communications, information, automotive electronics, mobile Internet, intelligent control, home appliances, security intelligence and aerospace, military products and other fields. The Company distributes its products in domestic and overseas markets.
ZHEJIANG EAST CRYSTAL ELECTRONIC CO.,LTD. 
