An undisclosed buyer signed a share transfer agreement to acquire an additional 13.01% stake in Aucma Co.,Ltd. from Qingdao Enterprise Development Investment Co., Ltd., for approximately CNY 680 million.
June 18, 2021
Share
An undisclosed buyer signed a share transfer agreement to acquire an additional 13.01% stake in Aucma Co.,Ltd. (SHSE:600336) from Qingdao Enterprise Development Investment Co., Ltd. for approximately CNY 680 million on June 18, 2021. Pursuant to the terms of the transaction, Qingdao Enterprise Development Investment Co., Ltd., will transfer around 103.9 million shares at CNY 6.52 per share. As a result of the transaction, stake of the undisclosed investor will increase to 23.03% and will hold around 183.8 million shares in Aucma Co.,Ltd. On July 13, 2021, Aucma Co.,Ltd. received the "Approval on the Equity Transfer of Aucma Co., Ltd." issued by the State-owned Assets Supervision and Administration Commission of Qingdao Municipal People’s Government (hereinafter referred to as "Qingdao SASAC") from Qingdao Enterprise Development Investment.
AUCMA COMPANY LIMITED is a China-based company principally engaged in the manufacture and distribution of refrigerators and freezers. The Company is also engaged in the manufacture and distribution of electric-driven bicycles, other electrical appliances and small household electrical appliances. The Company's main products include refrigerators, freezers, electric-driven bicycles, washing machines, small household electrical appliances, automatic vending machines, solar water heaters, electrical water heaters and kitchen electrical appliances, among others. The Company distributes its products under the brand name of AUCMA. The Company distributes its products within domestic market and to overseas markets.
An undisclosed buyer signed a share transfer agreement to acquire an additional 13.01% stake in Aucma Co.,Ltd. from Qingdao Enterprise Development Investment Co., Ltd., for approximately CNY 680 million.
AUCMA CO.,LTD. 
