Chen Wei completed the acquisition of 12% stake in Kehua Holdings Co., Ltd. from Chen Hongmin, Chen Xiaoke and Jiangsu Kehua Investment Management Co., Ltd.
August 31, 2022
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Chen Wei agreed to acquire 12% stake in Kehua Holdings Co., Ltd. (SHSE:603161) from Chen Hongmin, Chen Xiaoke and Jiangsu Kehua Investment Management Co., Ltd. for approximately CNY 300 million on July 7, 2022. Chen Hongmin will transfer 12,186,850 shares, Chen Xiaoke 3,360,000 shares, and Jiangsu Kehua Investment Management Co., Ltd. 461,150 shares. Shenwan Hongyuan Securities Underwriting Sponsor Co., Ltd. acted as financial advisor to Kehua Holdings Co., Ltd.
Chen Wei completed the acquisition of 12% stake in Kehua Holdings Co., Ltd. (SHSE:603161) from Chen Hongmin, Chen Xiaoke and Jiangsu Kehua Investment Management Co., Ltd. on August 1, 2022. Post completion, Chen Hongmin now hold 27.41% stake, Chen Xiaoke hold 7.56% stake, Jiangsu Kehua Investment hold 2.05% stake and Chen Wei own 12% stake in Kehua Holdings.
Kehua Holdings Co., Ltd. is a China-based company principally involved in the research, development, manufacture and sales of key components products of turbochargers. The Companyâs main products include turbine shell and its fittings, intermediate shell and its fittings and other mechanical components. The Company distributes its products within domestic market and to overseas markets.
Chen Wei completed the acquisition of 12% stake in Kehua Holdings Co., Ltd. from Chen Hongmin, Chen Xiaoke and Jiangsu Kehua Investment Management Co., Ltd.
KEHUA HOLDINGS CO.,LTD 
