Qianlv No. 14 Private Securities Investment Fund managed by Zhejiang Qianlv Private Fund Management Co., Ltd. completed the acquisition of 5.002693% stake in Zhengping Road & Bridge Construction Co.,Ltd. (SHSE:603843 from Qinghai Jinyangguang Investment Group Co., Ltd. and Jin Shengguang.
June 15, 2023
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Qianlv No. 14 Private Securities Investment Fund managed by Zhejiang Qianlv Private Fund Management Co., Ltd. agreed to acquire a 5.002693% stake in Zhengping Road & Bridge Construction Co.,Ltd. (SHSE:603843 from Qinghai Jinyangguang Investment Group Co., Ltd. and Jin Shengguang for approximately CNY 150 million on March 17, 2023. Under the terms, 35 million shares will be acquire at a [roce of CNY 4.27 per share in cash. Jin Shengguang will transfer 28 million shares and Qinghai Jinyangguang Investment Group Co., Ltd. will transfer 7 million shares. Within 1 month after the agreement signing, Zhejiang Qianlv Private Fund Management Co., Ltd. will pay 40% of the transfer price. Within 1 month after the Shanghai Stock Exchange approves and issues a confirmation letter, Zhejiang Qianlv Private Fund Management Co., Ltd. will pay 40% of the transfer price. Within 1 month after the transfer completion, Zhejiang Qianlv Private Fund Management Co., Ltd. will pay 20% of the transfer price.
Qianlv No. 14 Private Securities Investment Fund managed by Zhejiang Qianlv Private Fund Management Co., Ltd. completed the acquisition of 5.002693% stake in Zhengping Road & Bridge Construction Co.,Ltd. (SHSE:603843 from Qinghai Jinyangguang Investment Group Co., Ltd. and Jin Shengguang on June 16, 2023.
Zhengping Road & Bridge Construction Co Ltd is a company mainly engaged in infrastructure construction. The Company operates six businesses. The traffic and municipal engineering business is involved in provision of technical consulting services, exploration design and testing services and inspection services for highway engineering and municipal public engineering. The engineering facility manufacturing business operates production of corrugated steel structure products. The power engineering business is involved in the design and construction of power engineering and the operation and maintenance of power. The water conservancy engineering business provides construction management services for hydraulic structures, such as reservoir dams and river embankments. The construction engineering business is mainly engaged in housing construction, steel structure, building decoration and decoration construction business. The Company also operates project investment business.
Qianlv No. 14 Private Securities Investment Fund managed by Zhejiang Qianlv Private Fund Management Co., Ltd. completed the acquisition of 5.002693% stake in Zhengping Road & Bridge Construction Co.,Ltd. (SHSE: 603843 from Qinghai Jinyangguang Investment Group Co., Ltd. and Jin Shengguang.