Dongfang Hengxin Capital Holdings Group Co., Ltd acquired a 9.09% stake in Dingli Corp., Ltd. from Ye Bin, Wang Yun, and Chen Hao for approximately CNY 340 million.
July 02, 2018
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Dongfang Hengxin Capital Holdings Group Co., Ltd acquired a 9.09% stake in Dingli Corp., Ltd. (SZSE:300050) from Ye Bin, Wang Yun, and Chen Hao for approximately CNY 340 million on July 2, 2018. Under the terms, Dongfang Hengxin Capital Holdings Group Co., Ltd acquired 50.99 million shares at CNY 6.59 per share wherein Ye Bin, Wang Yun, and Chen Hao transferred 29.45 million, 12.54 million, and 9 million shares respectively. The transaction was effectuated as a result of share transfer agreement signed between the parties on July 2, 2018.
Dongfang Hengxin Capital Holdings Group Co., Ltd completed the acquisition of a 9.09% stake in Dingli Corp., Ltd. (SZSE:300050) from Ye Bin, Wang Yun, and Chen Hao on July 2, 2018. The consideration was paid in cash on July 2, 2018. Dongfang Hengxin Capital Holdings Group Co., Ltd held its 1st extraordinary shareholders' meeting on July 2, 2018 and approved the transaction.
Dingli Corp., Ltd, formerly Dingli Communications Corp., Ltd. is a China-based company mainly engaged in the communications service industry and vocational education industry. The Company mainly provides wireless network optimization product, telecom large data product, as well as network optimization and technical services. The Company is also engaged in the operation of information technology (IT) vocational education and training system platform, as well as the provision of IT vocational education and training services. The Company operates its business within domestic markets and overseas markets.
Dongfang Hengxin Capital Holdings Group Co., Ltd acquired a 9.09% stake in Dingli Corp., Ltd. from Ye Bin, Wang Yun, and Chen Hao for approximately CNY 340 million.
DINGLI CORP., LTD. 
