Guangdong Create Century Intelligent Equipment Group Corporation Limited completed the acquisition of 19.13% stake in Shenzhen Create Century Machinery Co.,Ltd. from Sichuan Gloport Investment Development Group Co.,Ltd, Xinjiang Glory Innovation Equity Investment Partnership (Limited Partnership) and National Manufacturing Transformation Upgrade Fund Co., Ltd.
Guangdong Create Century Intelligent Equipment Group Corporation Limited (SZSE:300083) intent to acquire the 19.13% stake in Shenzhen Create Century Machinery Co.,Ltd. from Sichuan Gloport Investment Development Group Co.,Ltd, Xinjiang Glory Innovation Equity Investment Partnership (Limited Partnership) and National Manufacturing Transformation Upgrade Fund Co., Ltd. for CNY 1.3 billion on September 15, 2021. As of October 8, 2021, Guangdong Create Century Intelligent Equipment Group Corporation Limited (SZSE:300083) agreed to acquire 19.13% stake in Shenzhen Create Century Machinery Co.,Ltd. from Sichuan Gloport Investment Development Group Co.,Ltd, Xinjiang Glory Innovation Equity Investment Partnership (Limited Partnership) and National Manufacturing Transformation Upgrade Fund Co., Ltd. Transaction has been approved from Guangdong Create Century Intelligent Equipment Group Corporation Limited board of directors. The transaction is still subject to regulatory approval. The final specific plan and relevant terms of this transaction will be determined by the parties to the transaction signing a formal agreement to issue shares to purchase assets. Post acquistion, Shenzhen Create Century will become a wholly-owned subsidiary of Guangdong Create Century Intelligent Equipment Group Corporation Limited. As of December 30, 2021, Shenzhen Create Century Machinery Co.,Ltd reported total assets of CNY 9,522.07 million and total common equity of CNY 5,368.16 million. Wang Changqing of CSC Financial Co., Ltd. (SEHK:6066) acted as financial advisor, Li Weidong of Guangdong Haipai Law Firm acted as legal advisor and Lu Shimin of Zhonghua Certified Public Accountants LLP acted as accountant to Guangdong Create Century Intelligent Equipment. On October 14, 2022, the third review meeting in 2022 of the GEM M&A Committee reviewed and approved the issuance of shares to purchase assets.
Guangdong Create Century Intelligent Equipment Group Corporation Limited (SZSE:300083) completed the acquisition of 19.13% stake in Shenzhen Create Century Machinery Co.,Ltd. from Sichuan Gloport Investment Development Group Co.,Ltd, Xinjiang Glory Innovation Equity Investment Partnership (Limited Partnership) and National Manufacturing Transformation Upgrade Fund Co., Ltd. on November 28, 2022.
Guangdong Create Century Intelligent Equipment Group Corp Ltd, formerly Guangdong Create Century Intelligent Equipment Corp Ltd, is a China-based company mainly engaged in intelligent equipment manufacturing business. The Company's main products include metal cutting machine tools and non-metal cutting machine tools. The product categories include five axis linkage machining centers, horizontal machining centers, drilling and milling machining centers, vertical machining centers, gantry machining centers, computer numerical control (CNC) lathes, precision carving machines, walking machines, profile machines and others. The Company's products are mainly used in the field of high-end CNC machine tools, new energy fields, general fields, and the processing of core components in the 3C supply chain. The Company mainly operates its businesses in the domestic and overseas markets.
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Guangdong Create Century Intelligent Equipment Group Corporation Limited completed the acquisition of 19.13% stake in Shenzhen Create Century Machinery Co.,Ltd. from Sichuan Gloport Investment Development Group Co.,Ltd, Xinjiang Glory Innovation Equity Investment Partnership (Limited Partnership) and National Manufacturing Transformation Upgrade Fund Co., Ltd.
