Hunan Yujing Machinery Co.,Ltd completed the acquisition of 51% stake in Hunan Yiyuan New Material Technology Co., Ltd. from Gu Guoqiang,Yu Jing, Li Chun, Chen Changyun, Qin Jinglong,
Liu Haizhen.
December 06, 2020
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Hunan Yujing Machinery Co.,Ltd (SZSE:002943) sign an investment agreement to acquire 51% stake in Hunan Yiyuan New Material Technology Co., Ltd. from Gu Guoqiang,Yu Jing, Li Chun, Chen Changyun, Qin Jinglong,
Liu Haizhen for CNY 20.1 million on November 19, 2020. Post transaction, Gu Guoqiang,Yu Jing, Li Chun, Chen Changyun, Qin Jinglong, Liu Haizhen will hold 15.43%, 19.42%, 8.57%, 4.29%, 0.86%, 0.43% respectively. Hunan Yiyuan New Material Technology Co., Ltd. had total assets of CNY 22.5 million, net assets of CNY 11.2 million as of October 31, 2020. The deal was approved at the 19th meeting of the third board of directors of Hunan Yujing Machinery Co.,Ltd.
Hunan Yujing Machinery Co.,Ltd (SZSE:002943) completed the acquisition of 51% stake in Hunan Yiyuan New Material Technology Co., Ltd. from Gu Guoqiang,Yu Jing, Li Chun, Chen Changyun, Qin Jinglong,
Liu Haizhen on December 7, 2020.
Hunan Yujing Machinery Co., Ltd. is a China-based company mainly engaged in the research, development, design, manufacture and sales of precision computer numerical control (CNC) machine tools. The Company's main products include multi-wire cutting machines and grinding and polishing machines. Its products are mainly applied in cutting, grinding, polishing, drilling and other working operations of hard and brittle materials such as glass, sapphire, silicon materials, magnetic materials and ceramic materials. The Company also provides multi-wire cutting machine technical transformation services. The Company distributes its products in domestic market and to overseas markets.
Hunan Yujing Machinery Co.,Ltd completed the acquisition of 51% stake in Hunan Yiyuan New Material Technology Co., Ltd. from Gu Guoqiang,Yu Jing, Li Chun, Chen Changyun, Qin Jinglong,
Liu Haizhen.
HUNAN YUJING MACHINERY CO.,LTD 
