Changzhou Gaoxin Yunshu Investment Co., Ltd. completed the acquisition of 75% stake in Shenzhen iTeaQ Network Power Technology Co., Ltd. from Black Peony Co., Ltd..
December 26, 2022
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Changzhou Gaoxin Yunshu Investment Co., Ltd. agreed to acquire a 75% stake in Shenzhen iTeaQ Network Power Technology Co., Ltd. from Black Peony (Group) Co., Ltd. (SHSE:600510) for CNY 1 billion on November 21, 2022. As on December 7, 2022, Black Peony's shareholders have approved the transaction.
Changzhou Gaoxin Yunshu Investment Co., Ltd. completed the acquisition of 75% stake in Shenzhen iTeaQ Network Power Technology Co., Ltd. from Black Peony (Group) Co., Ltd. (SHSE:600510) on December 27, 2022. Shenzhen iTeaQ Network Power Technology has completed the industrial and commercial change registration procedures related to this transaction on December 27, 2022.
BLACK PEONY (GROUP) CO., LTD is a China-based company principally engaged in the real estate related businesses. The Company mainly operates through four business segments: Textile segment, Construction segment, Real Estate segment and Others segment. Its construction-related businesses include the resettlement housing works, urban infrastructure construction and first-level land development. Its textile businesses include the spinning, weaving and finish processing. The Real Estate segment is principally engaged in the development of real estate projects. The Company operates its businesses in China and overseas markets.
Changzhou Gaoxin Yunshu Investment Co., Ltd. completed the acquisition of 75% stake in Shenzhen iTeaQ Network Power Technology Co., Ltd. from Black Peony Co., Ltd..
BLACK PEONY (GROUP) CO., LTD. 
