Beijing Zhouyu Energy Technology Co., Ltd. completed the acquisition of a 5% stake in Hunan Jingfeng Pharmaceutical Co.,Ltd. from Ye Xiangwu, Ye Gaojing, and Ye Xianglun.
March 02, 2022
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Beijing Zhouyu Energy Technology Co., Ltd. signed the share transfer agreement to acquire a 5% stake in Hunan Jingfeng Pharmaceutical Co.,Ltd. (SZSE:000908) from Ye Xiangwu, Ye Gaojing, and Ye Xianglun for approximately CNY 220 million on October 12, 2021. As part of the transaction, Ye Xiangwu will transfer 9,244,465 shares, Ye Gaojing will transfer 33,918,998 shares, Ye Xianglun will transfer 825,255 shares. Within 5 working days after the signing of the agreement, Beijing Zhouyu Energy Technology Co., Ltd. must pay CNY 65 million and remaining CNY 154.9 million shall be paid within 5 working days after Beijing Zhouyu Energy Technology Co., Ltd. completes the recovery of the loan to Hunan Jingfeng Pharmaceutical. Hunan Jingfeng Pharmaceutical's actual owner will change to Xu Huanxia after the transaction.
Beijing Zhouyu Energy Technology Co., Ltd. completed the acquisition of a 5% stake in Hunan Jingfeng Pharmaceutical Co.,Ltd. (SZSE:000908) from Ye Xiangwu, Ye Gaojing, and Ye Xianglun on March 3, 2022. Beijing Zhouyu Energy now holds 5%, Ye Xiangwu's holding ratio has changed from 14.79% to 13.74%; Ye Gaojing's holding ratio has changed from 3.86% to 0%; Ye Xianglun's holding ratio has changed from 0.34% to 0.24% in Hunan Jingfeng Pharmaceutical.
Hunan Jingfeng Pharmaceutical Co.,Ltd., formerly Hunan Tianyi Science and Technology Co., Ltd, is a China-based company principally engaged in the research, development, manufacture and sale of chemical drugs, biochemical drugs and traditional Chinese patent drugs. The Company's main products includes cardio and cerebrovascular drugs, antihypertensive and hypolipidemic drugs, orthopedic drugs, anti-tumor products, endocrine drugs, digestive system drugs, antiviral drugs and anti-infective drugs, among others. The Company is also involved in commodity import and export trading, business management and consulting, as well as medical technology consulting business. The Company distributes its products in the domestic market.
Beijing Zhouyu Energy Technology Co., Ltd. completed the acquisition of a 5% stake in Hunan Jingfeng Pharmaceutical Co.,Ltd. from Ye Xiangwu, Ye Gaojing, and Ye Xianglun.