Jiangsu Tongda Power Technology Co., Ltd. cancelled the acquisition of Longjitaihe Industry Co., Ltd from China Cinda Asset Management Co., Ltd., Hebei Longji Taihe Enterprise Management Consulting Co., Ltd, Zhuhai Rong AI Equity Investment Partnership (Limited Partnership), and Cinda Investment Limited.
July 21, 2018
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Jiangsu Tongda Power Technology Co., Ltd. entered into an agreement to acquire Longjitaihe Industry Co., Ltd from China Cinda Asset Management Co., Ltd. (SEHK:1359), Hebei Longji Taihe Enterprise Management Consulting Co., Ltd, Zhuhai Rong AI Equity Investment Partnership (Limited Partnership), and Cinda Investment Limited for CNY 16 billion in July, 2017. Jiangsu Tongda Power Technology Co., Ltd. will issue 755 million shares at the price of CNY 20 per share and Nantong Tongda Xigang Chongya Limited worth CNY 910 million. Hebei Longji Taihe Enterprise Management Consulting Co., Ltd will receive 660.6 million shares, Zhuhai Rong AI Equity Investment Partnership (Limited Partnership) will receive 70.8 million shares, China Cinda Asset Management Co., Ltd will receive 14.2 million shares and Cinda Investment Limited will receive 9.4 million shares. Gu Chongxiang, Huang Mengdan, Zhou Ji, Han Fei Chong, Chen Shi, Gu Chongxiang, Huang Mengdan, Han Fei Chong, Chen Shi, Zhou Ji, Liu Xue, Zhang Hui, Dong Guangqi, Liu Xiaodan at Huatai United Securities Co., Ltd. acted as financial advisor, Wang Ling, Ye Guojun, and Song Yanyan at Beijing Jindu Law Firm acted as legal advisor, Xu Hua, Hu Suping, and Chen Sirong at Grant Thornton Certified Public Accountants (Special General Partnership) and Zhu Jiadi at Lixin Certified Public Accountants Co., Ltd. acted as an accountants, Wu Xiaoguang, Gao Feng, and Hu Zhi at Zhonglian Assets Appraisal Group Co., Ltd and Hu Zhi, Han Xiaowei, and Wu Xiaoguang at Zhonglian Assets Appraisal Group Co., Ltd acted as assessment agencies for Jiangsu Tongda Power Technology Co., Ltd.
Jiangsu Tongda Power Technology Co., Ltd. cancelled the acquisition of Longjitaihe Industry Co., Ltd from China Cinda Asset Management Co., Ltd. (SEHK:1359), Hebei Longji Taihe Enterprise Management Consulting Co., Ltd, Zhuhai Rong AI Equity Investment Partnership (Limited Partnership), and Cinda Investment Limited on July 22, 2018.
China Cinda Asset Management Co., Ltd. is an investment holding company mainly engaged in the provision of financial services as well as the management of distressed asset management. Along with subsidiaries, the Company operates its business through three segments. The Financial Services segment is involved in the provision of financial services in sectors such as bank, securities, insurance, financial leasing and asset management. The Distressed Asset Management segment is engaged in the management of assets arising from acquisition of distressed debts and debt-to-equity-swap and the provision of clearing settlement and fiduciary services. The Financial Investment and Asset Management segment is involved in the management of financial investments on private funds and companies in certain other industries.
Jiangsu Tongda Power Technology Co., Ltd. cancelled the acquisition of Longjitaihe Industry Co., Ltd from China Cinda Asset Management Co., Ltd., Hebei Longji Taihe Enterprise Management Consulting Co., Ltd, Zhuhai Rong AI Equity Investment Partnership (Limited Partnership), and Cinda Investment Limited.
CHINA CINDA ASSET MANAGEMENT CO., LTD. 
