Changzhi Hongjiuzhou Trading Co., Ltd. completed the acquisition of a 6% stake in Jinlihua Electric Co., Ltd. from Zhao Jian.
May 22, 2023
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Changzhi Hongjiuzhou Trading Co., Ltd. agreed to acquire a 6% stake in Jinlihua Electric Co., Ltd. (SZSE:300069) from Zhao Jian for CNY 90.6 million on April 6, 2023. Under the terms, 7,020,000 shares will be acquired at a price of CNY 12.9 per share in cash.
Changzhi Hongjiuzhou Trading Co., Ltd. completed the acquisition of a 6% stake in Jinlihua Electric Co., Ltd. (SZSE:300069) from Zhao Jian on May 22, 2023.
Jinlihua Electric Co Ltd, formerly Zhejiang Jinlihua Electric Co Ltd, is a China-based company principally engaged in the research, development, manufacture, sales of glass insulators, and provision of related technical services. The Companyâs main products include glass insulators for high-voltage, ultra high-voltage and special high-voltage alternating current (AC) and direct current (DC) electric power transmission and transformation lines, including standard type insulators, fog type suspension insulators, open air profile type suspension insulators, and cap and pin type suspension insulators, as well as ceramic insulators. The Companyâs products are mainly used in insulation and suspension wires of power transmission lines. In addition, the Company is also engaged in the operation of drama, television shows and movies through its subsidiaries.
JINLIHUA ELECTRIC CO., LTD. 
