Inner Mongolia Jidian Energy Co., Ltd. completed the acquisition of 90% stake in Xilinhot Jingyuntong Ventilation Power Generation Co., Ltd from Beijing Jingyuntong Technology Co., Ltd. and Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership).
January 20, 2022
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Inner Mongolia Jidian Energy Co., Ltd. entered into share purchase agreement to acquire 90% stake in Xilinhot Jingyuntong Ventilation Power Generation Co., Ltd from Beijing Jingyuntong Technology Co., Ltd. (SHSE:601908) and Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership) for CNY 209.688 million on March 10, 2021. Inner Mongolia Jidian will acquire 41% from Beijing Jingyuntong Technology Co., Ltd. and 49% from Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership). Xilinhot Jingyuntong Ventilation Power Generation reported total assets of CNY 225 million and total common equity of CNY 300 million for the year ending September 30, 2021. The board of Beijing Jingyuntong Technology Co., Ltd. approved the deal. This agreement shall become effective from the date when the legal representatives or authorized representatives of all parties sign and seal. As of August 3, 2021, The consideration based on the assessed value of Xilinhot Jingyuntong's equity on April 30, 2021, the assessment base date, the two parties agreed that the consideration for the underlying equity is CNY 209.688 million.
Inner Mongolia Jidian Energy Co., Ltd. completed the acquisition of 90% stake in Xilinhot Jingyuntong Ventilation Power Generation Co., Ltd from Beijing Jingyuntong Technology Co., Ltd. (SHSE:601908) and Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership) on January 21, 2022. Up to now Beijing Jingyuntong Technology has received CNY 199.088 million from Inner Mongolia Jidian Energy Co., Ltd.
Beijing Jingyuntong Technology Co., Ltd. is a China-based company principally engaged in the manufacturing of semiconductor and photovoltaic precision equipments. The Company's main businesses include the equipment manufacturing, new energy power generation, new materials, as well as the energy saving and environmental protection businesses, among others. The Company's main products include the monocrystalline silicon growth furnaces and polysilicon ingot furnaces, as well as silicon rods, ingots and silicon wafers. Its products are mainly used in the production of polycrystalline silicon ingots, monocrystalline silicon rods, solar grade silicon and solar cells, among others.
Inner Mongolia Jidian Energy Co., Ltd. completed the acquisition of 90% stake in Xilinhot Jingyuntong Ventilation Power Generation Co., Ltd from Beijing Jingyuntong Technology Co., Ltd. and Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership).