Li Songqiang completed the acquisition of a 8.66% stake in QingHai HuaDing Industrial CO.,LTD. from Guangzhou Lianshun Technology Development Co., Ltd.
February 09, 2023
Share
Li Songqiang signed a equity share transfer agreement to acquire 8.7% stake in QingHai HuaDing Industrial CO.,LTD. (SHSE:600243) from Guangzhou Lianshun Technology Development Co., Ltd. for approximately CNY 150 million on December 24, 2022. Under the terms of agreement, Li Songqiang will acquire 38 million shares of QingHai HuaDing at the transfer price of CNY 4 per share. Before the signing of this agreement, shall pay the price of CNY 50,000,000 for this target share transfer as the earnest money for this transaction. Within 5 working days after the completion of the transfer of the target shares, shall pay the consideration of CNY 102 million for the transfer of the target shares. Before this equity change, Guangzhou Lianshun Technology held 38.843 million shares of the listed company, accounting for 8.85% of the total share capital of the listed company. After this equity change, Guangzhou Lianshun Technology will hold 843,000 shares of the listed company, accounting for 0.19% stake in QingHai HuaDing.
Li Songqiang completed the acquisition of a 8.66% stake in QingHai HuaDing Industrial CO.,LTD. (SHSE:600243) from Guangzhou Lianshun Technology Development Co., Ltd. on February 10, 2023.
QingHai HuaDing Industrial Co Ltd is a China-based company principally engaged in the manufacturer and sales of mechanical products. The Company's main products consist of machine tools, food processing machines, elevator components, gearboxes, lighting equipment, hotel equipment and others. It is also engaged in the provision of food and medical services. Its products are applied in metallurgy, ship, property development and food manufacturing industries, among others. The Company distributes its products primarily in domestic markets, with South China and Northeast China as its major markets.
Li Songqiang completed the acquisition of a 8.66% stake in QingHai HuaDing Industrial CO.,LTD. from Guangzhou Lianshun Technology Development Co., Ltd.