J.Pond Precision Technology Co., Ltd. agreed to acquire 55% stake in Wengu Viet Nam High Technology Company Limited and Wengu Industrial Co., Ltd. from Wengu Sealing System (HK) Limited, and Zhou Lei for CNY 70 million.
J.Pond Precision Technology Co., Ltd. (SZSE:301326) agreed to acquire 55% stake in Wengu Viet Nam High Technology Company Limited and Wengu Industrial (Shanghai) Co., Ltd. from Wengu Sealing System (HK) Limited, and Zhou Lei for CNY 70 million on January 16, 2024. The consideration consists of CNY 70 million in cash. The agreement outlines a three-stage payment plan.
The first tranche of CNY 10 million is due in 15 days, the second tranche of CNY 85 million is conditional on specific requirements, and the third tranche of CNY 5 million is linked to acquiring equity in a Wengu Viet Nam High Technology Company Limited.
J.Pond Precision Technology Co Ltd is a China-based company principally engaged in the manufacturing of customized precision functional parts and structural parts for consumption electronics. The Company's main products include traditional precision functional parts, flexible precision functional parts and metal precision functional parts. The Company's products are mainly used in the fields such as tablet computer, laptop computer, computer sets, smart home, three-dimension (3D) printing, drone and other consumer electronics. The Company also develops carbon nanotube, which is mainly used in lithium batteries. The Company principally distributes its products in domestic and overseas markets.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
J.Pond Precision Technology Co., Ltd. agreed to acquire 55% stake in Wengu Viet Nam High Technology Company Limited and Wengu Industrial Co., Ltd. from Wengu Sealing System (HK) Limited, and Zhou Lei for CNY 70 million.
