Shanghai Shangfeng Group Co., Ltd. signed Share Transfer Agreement to acquire 51% stake in Pingdingshan Changde Technology Co., Ltd./Zhengzhou Changde Technology Co., Ltd. from Hiconics Eco-energy Technology Co., Ltd. for CNY 45.8 million.
May 28, 2021
Share
Shanghai Shangfeng Group Co., Ltd. signed Share Transfer Agreement to acquire 51% stake in Pingdingshan Changde Technology Co., Ltd./Zhengzhou Changde Technology Co., Ltd. from Hiconics Eco-energy Technology Co., Ltd. (SZSE:300048) for CNY 45.8 million on May 28, 2021. Pingdingshan Changde Technology and Zhengzhou Changde Technology reported total assets of CNY 103.7 million and total common equity of CNY 22.5 million as on January 31, 2021. The deal is approved by board of Hiconics Eco-energy Technology Co., Ltd.
Hiconics Eco-energy Technology Co., Ltd., formerly Hiconics Drive Technology Co., Ltd., is a China-based company principally engaged in the research and development(R&D), manufacture and sale of high, medium and low voltage frequency inverters. The Company mainly operates through three segments. Energy Saving Equipment Manufacture segment is involved in the manufacture, R&D and sale of high, middle and low voltage frequency inverters and servo products. Energy Saving and Environmental Protection Project Construction and Operation segment includes landfill gas utilization and waste treatment, industrial waste heat utilization, refractory sewage treatment, industrial energy efficiency and low-emission of coal-fired power plants through its subsidiaries. New Energy Vehicle Assembly and Operation segment is involved in the R&D and manufacture of key components, power assembly systems, charging piles and in-vehicle chargers for new energy vehicles, as well as new energy car rental business.
Shanghai Shangfeng Group Co., Ltd. signed Share Transfer Agreement to acquire 51% stake in Pingdingshan Changde Technology Co., Ltd./Zhengzhou Changde Technology Co., Ltd. from Hiconics Eco-energy Technology Co., Ltd. for CNY 45.8 million.
HICONICS ECO-ENERGY TECHNOLOGY CO., LTD. 
