Guangzhou Yunqi Technology Equity Investment Enterprise (LP), Nanjing Shengyu Tongxin Equity Investment Center (LP), Ningbo Meishan Bonded Port Area Fengsheng Liuhe New Energy Investment Partnership Enterprise, Shenzhen Xinyang Capital Management Partnership Enterprise (LP) and Rongsheng Venture Capital Co., Ltd. cancelled the acquisition of Guangdong Jiayuan Technology Co.Ltd. from Guangdong Meiyan Jixiang Hydropower Co., Ltd..
April 24, 2018
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Guangzhou Yunqi Technology Equity Investment Enterprise (Limited Partnership), Nanjing Shengyu Tongxin Equity Investment Center (Limited Partnership), Ningbo Meishan Bonded Port Area Fengsheng Liuhe New Energy Investment Partnership Enterprise (Ltd), Shenzhen Xinyang Capital Management Partnership Enterprise (Limited Partnership) and Rongsheng Venture Capital Co., Ltd. agreed to acquire unknown stake in Guangdong Jiayuan Technology Co., Ltd. from Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SHSE:600868) for approximately CNY 160 million on April 25, 2017. Share transfer agreement was signed on April 25, 2017. A total of 31.186 million shares will be acquired at CNY 5.15 per share. Shenzhen Xinyang Capital Management Partnership Enterprise (Limited Partnership), Ningbo Meishan Bonded Port Area Fengsheng Liuhe New Energy Investment Partnership Enterprise (Ltd), Nanjing Shengyu Tongxin Equity Investment Center (Limited Partnership), Rongsheng Venture Capital Co., Ltd. and Guangzhou Yunqi Technology Equity Investment Enterprise (Limited Partnership) will acquire 16.186 million, 8.5 million, 2 million, 1.5 million and 3 million shares of Guangdong Jiayuan Technology respectively.
For the year ended December 31, 2016, Guangdong Jiayuan Technology reported total assets of CNY 567.734 million, net assets of CNY 340.871 million, revenue of CNY 423.625 million and net profit of CNY 62.078 million. The transaction was approved in the 12th meeting of Guangdong Meiyan Jixiang Hydropower's 9th directorate held on April 24, 2017.
Guangzhou Yunqi Technology Equity Investment Enterprise (Limited Partnership), Nanjing Shengyu Tongxin Equity Investment Center (Limited Partnership), Ningbo Meishan Bonded Port Area Fengsheng Liuhe New Energy Investment Partnership Enterprise (Ltd), Shenzhen Xinyang Capital Management Partnership Enterprise (Limited Partnership) and Rongsheng Venture Capital Co., Ltd. cancelled the acquisition of Guangdong Jiayuan Technology Co., Ltd. from Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SHSE:600868) on April 25, 2018.
Guangdong Jiayuan Technology Co Ltd, formerly Guangdong JiaYuan Technology Shares Co Ltd, is a China-based company mainly engaged in the research, production and sales of all kinds of high-performance electrolytic copper foil for lithium-ion battery and electrolytic copper foil for printed circuit board (PCB). The Company's main products include supper thin copper foil for lithium-ion batteries, ultra-thin copper foil and electrolytic copper foil for PCB. The Company's products are mainly used in lithium-ion batteries, printed circuit boards and other fields. The Company operates its businesses mainly in the domestic market.
Guangzhou Yunqi Technology Equity Investment Enterprise (LP), Nanjing Shengyu Tongxin Equity Investment Center (LP), Ningbo Meishan Bonded Port Area Fengsheng Liuhe New Energy Investment Partnership Enterprise, Shenzhen Xinyang Capital Management Partnership Enterprise (LP) and Rongsheng Venture Capital Co., Ltd. cancelled the acquisition of Guangdong Jiayuan Technology Co.Ltd. from Guangdong Meiyan Jixiang Hydropower Co., Ltd..
GUANGDONG JIAYUAN TECHNOLOGY CO.,LTD. 
