A group of investors acquired 2% stake in China National Electric Apparatus Research Institute Co., Ltd. from Guangzhou Kaitian Investment Management Center (Limited Partnership) for approximately CNY 190 million.
Jiangsu Ruihua Investment Management Co., Ltd., J.P. Morgan Securities plc, Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Nanjing Shengquan Hengyuan Investment Co., Ltd., Guotai Haitong Securities Co., Ltd. (SHSE:601211), GF Securities Co., Ltd. (SZSE:000776), Shenzhen Commando Capital Management Co., Ltd., Huaan Securities Asset Management Co., Ltd., Yimi Fund Management Co., Ltd., Shanghai Muxin Private Fund Management Co., Ltd., Yingshui Investment Co., Ltd., Shanghai Jinde Private Fund Management Co., Ltd., Qingdao Luxiu Investment Management Co., Ltd. and Guishan Private Fund Management (Suzhou) Co., Ltd. acquired 2% stake in China National Electric Apparatus Research Institute Co., Ltd. (SHSE:688128) from Guangzhou Kaitian Investment Management Center (Limited Partnership) for approximately CNY 190 million on September 27, 2025. A cash consideration of CNY 194.89 million valued at CNY 24.09 per share will be paid by the buyers. As part of consideration, CNY 194.89 million is paid towards common equity of China National Electric Apparatus Research Institute Co., Ltd.
Jiangsu Ruihua Investment Management Co., Ltd., J.P. Morgan Securities plc, Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Nanjing Shengquan Hengyuan Investment Co., Ltd., Guotai Haitong Securities Co., Ltd. (SHSE:601211), GF Securities Co., Ltd. (SZSE:000776), Shenzhen Commando Capital Management Co., Ltd., Huaan Securities Asset Management Co., Ltd., Yimi Fund Management Co., Ltd., Shanghai Muxin Private Fund Management Co., Ltd., Yingshui Investment Co., Ltd., Shanghai Jinde Private Fund Management Co., Ltd., Qingdao Luxiu Investment Management Co., Ltd. and Guishan Private Fund Management (Suzhou) Co., Ltd. completed the acquisition of 2% stake in China National Electric Apparatus Research Institute Co., Ltd. (SHSE:688128) from Guangzhou Kaitian Investment Management Center (Limited Partnership) on September 27, 2025.
China National Electric Apparatus Research Institute Co Ltd is a China-based company mainly engaged in the research on environmental adaptability of electrical products. The Company is mainly engaged in three businesses. The quality technical service business is mainly engaged in the provision of testing, certification and related extension services for electrical appliances and related application fields. The smart equipment business mainly includes home appliance smart factory solutions, excitation equipment, and automatic detection systems for new energy batteries. The environmental protection coatings and resins business mainly includes industrial environmentally friendly powder coatings, water-based coatings and polyester resins for powder coatings. The Company mainly conducts its businesses in domestic and overseas markets.
A group of investors acquired 2% stake in China National Electric Apparatus Research Institute Co., Ltd. from Guangzhou Kaitian Investment Management Center (Limited Partnership) for approximately CNY 190 million.
