An unknown buyer signed an agreement to acquire 5.7% stake in Jin Tong Ling Technology Group Co., Ltd. for approximately CNY 320 million.
November 25, 2020
Share
Nantong Industries Holding Group Co., Ltd. signed an agreement to acquire an additional 5.7% stake in Jin Tong Ling Technology Group Co., Ltd. (SZSE:300091) from Ji Wei and Ji Weidong for approximately CNY 320 million on November 25, 2020. Under the terms of the transaction, Nantong Industries Holding Group Co., Ltd. will acquire 70.28 million shares for CNY 4.482 per share. Ji Wei will sell 35.22 million shares and Ji Weidong will sell 35.06 million shares. Post-closing, Nantong Industries Holding Group Co., Ltd. will hold 12.7% stake, Ji Wei will hold 8.59% stake and Ji Weidong will hold 8.55% stake in Jin Tong Ling Technology Group Co., Ltd.
Jin Tong Ling Technology Group Co.,Ltd, formerly JiangSu Jin Tong Ling Fluid Machinery Technology Co., Ltd. is a China-based company principally engaged in the manufacture, research and development of high-end equipment, as well as the provision of related services. The Companyâs main businesses include engineering technological general contracting of power island integration, air station integration, mechanical vapor recompression (MVR) system integration, thermal energy ladder utilization, sewage aeration system integration, wind system energy saving transformation and others. The Companyâs main products include high efficiency centrifugal air compressors, centrifugal steam compressors, single-stage compressors, magnetic levitation single-stage compressors, new type efficient steam turbines and others.
JIN TONG LING TECHNOLOGY GROUP CO., LTD. 
