Guangdong Hengrui Equity Investment Partnership Enterprise completed the acquisition of 18% stake in East Group Co.,Ltd from Yangzhou Orient Group Co., Ltd.
August 17, 2020
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Guangdong Hengrui Equity Investment Partnership Enterprise entered into an agreement to acquire 18% stake in East Group Co.,Ltd (SZSE:300376) from Yangzhou Orient Group Co., Ltd. for CNY 1.9 billion on July 21, 2020. Guangdong Hengrui will acquire 417.57 million shares for CNY 4.43 per share. Post the transaction, Yangzhou Orient Group will hold 37.88% stake in East Group.
Guangdong Hengrui Equity Investment Partnership Enterprise completed the acquisition of 18% stake in East Group Co.,Ltd (SZSE:300376) from Yangzhou Orient Group Co., Ltd. on August 18, 2020.
East Group Co Ltd is a China-based company principally engaged in the provision of integration solutions for photovoltaic products. The Company is involved in the research and development, manufacture and sales of power supplies, data centers, photovoltaic inverters, system integration solutions, as well as new energy vehicles and its charging facilities, among others. Photovoltaic inverters include grid-connected inverters and string inverters. New energy vehicles and charging facilities include purchased new energy vehicles, one-stop outdoor charging tanks, alternating current charging piles and direct current charging piles, among others. The Company operates businesses in domestic and overseas markets.
Guangdong Hengrui Equity Investment Partnership Enterprise completed the acquisition of 18% stake in East Group Co.,Ltd from Yangzhou Orient Group Co., Ltd.
EAST GROUP CO.,LTD 
