Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) completed the acquisition of 8% stake in Zhejiang Firstar Panel Technology Co., Ltd. from Ye Xianyu.
October 20, 2020
Share
Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) signed a share transfer agreement to acquire 8% stake in Zhejiang Firstar Panel Technology Co., Ltd. (SZSE:300256) from Ye Xianyu for approximately CNY 480 million on August 17, 2020. Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) will acquire 76.6 million for CNY 6.21 per share. After the transfer, Ye Xianyu will still hold 21.8 million shares representing 2.27% stake. Within 10 working days after the agreement signing and announcement, Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) must pay CNY 200 million. Within 5 working days after the shares are released from the pledge, Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) must pay CNY 226.4 million. Within 2 working days after the completion of the share registration, Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) must pay the remaining amount.
Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) completed the acquisition of 8% stake in Zhejiang Firstar Panel Technology Co., Ltd. (SZSE:300256) from Ye Xianyu on October 21, 2020.
Jiangxi Firstar Panel Technology Co Ltd, formerly Zhejiang Firstar Panel Technology Co Ltd, is a China-based company principally engaged in the development, production and sale of cover lens, capacitive touch display modules and precision structural components. The Companyâs products mainly include glass cover lens, touch screens, full fit products, fingerprint identification modules and plastic and metal Computer Numerical Control (CNC) precision structural components, among others. The Companyâs products are mainly applied in consumer electronics, such as mobile phone and tablet computers. The Company distributes its products in domestic market and to overseas markets.
Pingxiang Zhongzhou Xin’an Commercial Management Center (Limited Partnership) completed the acquisition of 8% stake in Zhejiang Firstar Panel Technology Co., Ltd. from Ye Xianyu.
JIANGXI FIRSTAR PANEL TECHNOLOGY CO.,LTD. 
