Shanghai Muxin Asset Management Co., Ltd.-Muxin Xingjin No. 3 Private Securities Investment Fund completed the acquisition of 5.34% stake in Zhejiang Yilida Ventilator Co.,Ltd. from Zhang Qizhong.
January 26, 2022
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Shanghai Muxin Asset Management Co., Ltd.-Muxin Xingjin No. 3 Private Securities Investment Fund agreed to acquire 5.34% stake in Zhejiang Yilida Ventilator Co.,Ltd. (SZSE:002686) from Zhang Qizhong for approximately CNY 180 million on January 18, 2022. Zhang Qizhong will transfer 30,263,000 shares to Muxin Xingjin at the price of CNY 5.97 per share. The seller agrees that the buyer may pay the share transfer price in batches. Shanghai Muxin Asset Management Co., Ltd.-Muxin Xingjin No. 3 Private Securities Investment Fund will pay the first share transfer price of CNY 30 million to Zhang Qizhong collection account within 5 working days after the Shenzhen Stock Exchange's confirmation letter is issued, and the remaining transfer price shall be made to the seller's receiving account within 90 natural days after the target shares get registered and transferred to the buyer's securities account. After, Muxin Xingjin will own 30,263,000 shares in the company, accounting for 5.345% of the company's total capital.
Shanghai Muxin Asset Management Co., Ltd.-Muxin Xingjin No. 3 Private Securities Investment Fund completed the acquisition of 5.34% stake in Zhejiang Yilida Ventilator Co.,Ltd. (SZSE:002686) from Zhang Qizhong on January 27, 2022.
Zhejiang Yilida Ventilator Co.,Ltd. is a China-based company principally engaged in the production and sale of wind turbines. The Company's main products include central air conditioning fans and accessories, building ventilators, subway fans, cold chain fans, air compressor fans, energy-saving motors and other fans and accessories. The Company distributes its products in domestic market and to overseas markets.
Shanghai Muxin Asset Management Co., Ltd.-Muxin Xingjin No. 3 Private Securities Investment Fund completed the acquisition of 5.34% stake in Zhejiang Yilida Ventilator Co.,Ltd. from Zhang Qizhong.