Anhui Shunyuan Xinke Management Consulting Partnership Enterprise (Limited Partnership) completed the acquisition of 29.99% stake in Jiangsu Yitong High-Tech Co., Ltd. from Wang Zhenhong.
January 30, 2021
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Anhui Shunyuan Xinke Management Consulting Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 29.99% stake in Jiangsu Yitong High-Tech Co., Ltd. (SZSE:300211) from Wang Zhenhong for approximately CNY 960 million in cash on January 5, 2021. The transaction is subject to the approval of shareholders meeting and filling with the stock exchange, among other customary closing conditions. As of January 22, 2021, transaction is pending approval of Chinese regulator. The transaction is expected to close before the first half of 2021.
Anhui Shunyuan Xinke Management Consulting Partnership Enterprise (Limited Partnership) completed the acquisition of 29.99% stake in Jiangsu Yitong High-Tech Co., Ltd. (SZSE:300211) from Wang Zhenhong in January 2021.
Jiangsu Yitong High-tech Co., Ltd. is a China-based company principally engaged in the design, development and manufacture of broadcasting and television transmission equipment and the provision of related services, as well as the provision of intelligent video surveillance engineering services. The Company's main products include cable television network optical transmission equipment, cable television network coaxial cable transmission equipment and the next generation of cable television network equipment. The Company distributes its products mainly in domestic market, with East China as its main market.
Anhui Shunyuan Xinke Management Consulting Partnership Enterprise (Limited Partnership) completed the acquisition of 29.99% stake in Jiangsu Yitong High-Tech Co., Ltd. from Wang Zhenhong.