Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. cancelled the acquisition of a 8.296% stake in AA Industrial Belting Co.,Ltd from Cai Ruimei.
April 25, 2023
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Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. signed share transfer agreement to acquire 8.296% stake in AA Industrial Belting (Shanghai) Co.,Ltd (SHSE:603580) from Cai Ruimei for approximately CNY 160 million on December 19, 2022. As per the transaction, Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. will acquire 10,841,250 shares at CNY 14.32 per share.
Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. cancelled the acquisition of a 8.296% stake in AA Industrial Belting (Shanghai) Co.,Ltd (SHSE:603580) from Cai Ruimei on April 26, 2023.
AA Industrial Belting Shanghai Co Ltd is a China-based company mainly engaged in the research and development, production and sales of light conveyor belts. The Company's main products are industrial conveyor belts, mainly including environmentally friendly polymer precision industrial belts, ordinary polymer light industrial belts and others. The Company mainly conducts its business in domestic and foreign markets.
Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. cancelled the acquisition of a 8.296% stake in AA Industrial Belting Co.,Ltd from Cai Ruimei.