Zhao Chuan completed the acquisition of 2.68% stake in HyUnion Holding Co.,Ltd from Beijing Bosheng Advanced Technology Development Co., Ltd.
October 10, 2021
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Zhao Chuan agreed to acquire 2.96% stake in HyUnion Holding Co.,Ltd (SZSE:002537) from Beijing Bosheng Advanced Technology Development Co., Ltd. for approximately CNY 140 million on September 2, 2021. Zhao Chuan will acquire 34,800,000 shares of HyUnion for CNY 4.02 per share. As of September 10, 2021, Zhao Chuan agreed to acquire 2.68% stake in HyUnion Holding Co.,Ltd from Beijing Bosheng Advanced Technology Development Co., Ltd. for approximately CNY 130 million. As of September 16, 2021, Zhao Chuan signed the share transfer agreement?s supplemental agreement 2 to acquire 2.6% stake in HyUnion Holding Co.,Ltd (SZSE:002537) from Beijing Bosheng Advanced Technology Development Co., Ltd. for approximately CNY 130 million. As per terms of transaction, Zhao Chuan will acquire 31.408452 at CNY 4.11 for each share.
Bosheng Advantage transferred the 34.5 million HyUnionHoldingCo.,Ltd shares it held to Zhao Chuan by means of agreement transfer and adjusted it to 31.4 million shares. The transfer amount is adjusted from CNY 139.9 to CNY 126 million. The transfer funds of this agreement are mainly used to return the principal and interest of Caida Securities Co., Ltd. pledged financing debt of about CNY 73.5 million, and related taxes and fees are expected to be about CNY 31.6 million (there are taxes and fees when the actual payment is made). After the completion of this share agreement transfer, Bosheng Advantage holds 7.38% stake and Zhao Chuan will hold 2.68% stake in HyUnion Holding Co.,Ltd. The agreement for the transfer of shares is subject to compliance review by the Shenzhen Stock Exchange before the transfer procedures for the transfer of shares by agreement can be handled at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. On October 12, 2021, the company received the notice issued by Bosheng Advanced that on September 30, 2021, the agreement has passed the compliance review of Shenzhen Stock Exchange and on October 11, 2021, the transfer was completed.
Zhao Chuan completed the acquisition of 2.68% stake in HyUnion Holding Co.,Ltd (SZSE:002537) from Beijing Bosheng Advanced Technology Development Co., Ltd. on October 11, 2021.
HyUnion Holding Co., Ltd, formerly QINGDAO HAILI METAL ONE CO., LTD., is a China-based company principally engaged in the production and sales of electrical and auto parts and auto parts. The Company operates its businesses through two segments. The Intelligent Manufacturing segment is mainly engaged in the production and sales of automobile spare parts and household appliance spare parts. The Financial Science and Technology segment mainly provides third party payment services, big data services, mobile information services, cross-border e-commerce services and operator billing and settlement services. The Company conducts its businesses in domestic market.