Fujian Jiahan New Energy Holding Co., Ltd. completed the acquisition of Fujian Junpeng Communication Technology Co., Ltd. and Fujian Junpeng Intelligent Manufacturing Co., Ltd. from Jiangsu Yinhe Electronics Co.,Ltd..
August 01, 2021
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Fujian Jiahan New Energy Holding Co., Ltd. agreed to acquire Fujian Junpeng Communication Technology Co., Ltd. and Fujian Junpeng Intelligent Manufacturing Co., Ltd. from Jiangsu Yinhe Electronics Co.,Ltd. (SZSE:002519) for CNY 550 million on June 11, 2021. As of April 30, 2021, Fujian Junpeng Communication Technology reported total assets of CNY 641.37 million, total liabilities of CNY 160.8 million, accounts receivable of CNY 374.54 million and net assets of CNY 480.55 million. As of April 30, 2021, Fujian Junpeng Intelligent Manufacturing reported total assets of CNY 324.23 million, total liabilities of CNY 178.62 million, accounts receivable of CNY 6.92 million and net assets of CNY 145.6 million. The transaction has been approved by board of directors and is still subject to shareholders approval of Jiangsu Yinhe Electronics.
Fujian Jiahan New Energy Holding Co., Ltd. completed the acquisition of Fujian Junpeng Communication Technology Co., Ltd. and Fujian Junpeng Intelligent Manufacturing Co., Ltd. from Jiangsu Yinhe Electronics Co.,Ltd. (SZSE:002519) on August 2, 2021. The entire consideration has been received.
JIANGSU YINHE ELECTRONICS CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of digital television (TV) terminals and electronic equipment structural parts. The Company operates its businesses through three segments. The Digital Television Intelligent Terminals segment consists of wired digital set top boxes (STBs), satellite digital STBs, wireless digital STBs, Internet digital STBs and other intelligent television terminals. The Intelligent Electromechanical Equipment segment is engaged in the provision of electromechanical equipment and services of intelligent management systems. The Key Parts of New Energy Electric Vehicles segment is engaged in the provision of charging points, mobile chargers and electric air conditioning systems, among others. It distributes its products in domestic market and to overseas markets.
Fujian Jiahan New Energy Holding Co., Ltd. completed the acquisition of Fujian Junpeng Communication Technology Co., Ltd. and Fujian Junpeng Intelligent Manufacturing Co., Ltd. from Jiangsu Yinhe Electronics Co.,Ltd..