Liao Changqing cancelled the acquisition of 5% stake in Guangdong Yizumi Precision Machinery Co., Ltd. from Xinyu Yilida Investment Management Co., Ltd.
May 15, 2018
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Liao Changqing signed the equity transfer agreement to acquire 5% stake in Guangdong Yizumi Precision Machinery Co., Ltd. (SZSE:300415) from Xinyu Yilida Investment Management Co., Ltd for approximately CNY 310 million on March 9, 2018. Under the terms, Xinyu Yilida Investment Management Co., Ltd will sell 21.6 million shares at CNY 14.58 per shares. Post-acquisition, Liao Changqing and its persons acting in concert will directly hold 5.77% stake in the Guangdong Yizumi Precision Machinery Co., Ltd.
Liao Changqing cancelled the acquisition of 5% stake in Guangdong Yizumi Precision Machinery Co., Ltd. (SZSE:300415) from Xinyu Yilida Investment Management Co., Ltd on May 16, 2018.
Yizumi Holdings Co Ltd, formerly Guangdong Yizumi Precision Machinery Co Ltd, is a China-based company primarily engaged in the design, research, development, manufacture and sales of special machinery and equipment for molding use and the provision of related services. The Company's main products include injection molding machines, die-casting machines, rubber machines, high-speed packaging systems, molds and robotic automation systems, which are mainly used in household appliances, automobiles, medical devices and packaging. The Company mainly operates its businesses in the domestic and overseas markets.
Liao Changqing cancelled the acquisition of 5% stake in Guangdong Yizumi Precision Machinery Co., Ltd. from Xinyu Yilida Investment Management Co., Ltd.
YIZUMI HOLDINGS CO., LTD. 
