Zhao Lei completed the acquisition of 5.01% stake in Hangzhou Jizhi Mechatronic Co., Ltd. from Lou Rongwei and Hangzhou Jizhi Investment Co., Ltd.
January 24, 2024
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Zhao Lei agreed to acquire 5.01% stake in Hangzhou Jizhi Mechatronic Co., Ltd. (SZSE:300553) from Lou Rongwei and Hangzhou Jizhi Investment Co., Ltd. for approximately CNY 120 million on December 23, 2023. Zhao Lei shall pay CNY 28.47 per share as consideration.
Zhao Lei completed the acquisition of 5.01% stake in Hangzhou Jizhi Mechatronic Co., Ltd. (SZSE:300553) from Lou Rongwei and Hangzhou Jizhi Investment Co., Ltd. on January 25, 2024.
Hangzhou Jizhi Mechatronic Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sales of automatic balancing machines. The Companyâs main products include automatic balancing machines and testing machines. Its automatic balancing machines include semi-auto balance correction machines, two station automation balance correction machines, four station automatic balance correction machines, five station automatic balance correction machines and vertical balance correction machines. The Company's products are used in electrical machinery, power tools, household appliances, pumps, fans, automobiles, chemicals, high-speed rail, power, shipping and aerospace industries. The Company distributes its products in the domestic market.
HANGZHOU JIZHI MECHATRONIC CO., LTD. 
