Chengdu Xuguang Electronics Co., Ltd. entered into an agreement to acquire 54.80% stake in Chengdu Yige Machinery Co., Ltd. from Wang Zhengcai, Sichuan Jianhao Gaozhan Technology Co., Ltd, Pang Dong, Yang Ji, Tibet Ruimo Trading Co., Ltd. , Liu Renhuan, Lhasa Economic and Technology Development Zone Shangde Investment Management Co., Ltd. and Cong Longhui for CNY 279.2.
October 27, 2022
Share
Chengdu Xuguang Electronics Co., Ltd. (SHSE:600353) entered into an agreement to acquire 54.80% stake in Chengdu Yige Machinery Co., Ltd. from Wang Zhengcai, Sichuan Jianhao Gaozhan Technology Co., Ltd, Pang Dong, Yang Ji, Tibet Ruimo Trading Co., Ltd. , Liu Renhuan, Lhasa Economic and Technology Development Zone Shangde Investment Management Co., Ltd. and Cong Longhui for CNY 279.2 on October 27, 2022. Chengdu Xuguang Electronics will acquire 20.39% stake from Wang Zhengcai, 8.52% stake from Sichuan Jianhao Gaozhan Technology Co., Ltd., 7.06% stake from Qingdao Yuyuan Venture Capital Center, 4.29% stake from Qingdao Yuyuan Phase II Venture Capital Center, 3.84% stake from Pang Dong, 3% stake from Yang Ji, 2.70% stake from Tibet Ruimo Trading Co., Ltd., 2.44% stake from Liu Renhuan, 1.84% stake from Lhasa Economic and Technology Development Zone Shangde Investment Management Co., Ltd and 0.70% stake from Cong Longhui. After the completion, Chengdu Xuguang Electronics will own 90% stake in Yige Machinery.
As of November 16, 2022, The shareholders of Chengdu Xuguang Electronics has approved the deal at Third Extraordinary General Meeting of Shareholders held on November 15, 2022.
Chengdu Xuguang Electronics Co., Ltd. is a China-based company principally engaged in the research, development, manufacturing and sales of metal ceramic electrical vacuum devices, high and low voltage distribution devices, photoelectric devices and others. The Company's primary products include vacuum tubes, switch tubes, high voltage switch cabinets, low voltage switch cabinets, breakers, photoelectric devices and others. The Company's products are mainly used in electricity, metallurgy, radio and television sectors. The Company mainly distributes its products in domestic markets and overseas markets.
Chengdu Xuguang Electronics Co., Ltd. entered into an agreement to acquire 54.80% stake in Chengdu Yige Machinery Co., Ltd. from Wang Zhengcai, Sichuan Jianhao Gaozhan Technology Co., Ltd, Pang Dong, Yang Ji, Tibet Ruimo Trading Co., Ltd. , Liu Renhuan, Lhasa Economic and Technology Development Zone Shangde Investment Management Co., Ltd. and Cong Longhui for CNY 279.2.
CHENGDU XUGUANG ELECTRONICS CO., LTD. 
