Small and Medium Enterprises Development Fund (Jiangsu Limited Partnership) managed by Jiangsu Addor Equity Investment Fund Management Co., Ltd. and Jiangsu Modern Services Industrial Development Venture Capital Fund (Limited Partnership) managed by Nanjing Addor Equity Investment Management Enterprise (Limited Partnership) completed the acquisition of 28.5714% stake in Jiangsu Wanbang Microelectronics Co., Ltd. from Kingsignal Technology Co., Ltd..
August 23, 2021
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Small and Medium Enterprises Development Fund (Jiangsu Limited Partnership) managed by Jiangsu Addor Equity Investment Fund Management Co., Ltd. and Jiangsu Modern Services Industrial Development Venture Capital Fund (Limited Partnership) managed by Nanjing Addor Equity Investment Management Enterprise (Limited Partnership) agreed to acquire 28.5714% stake in Jiangsu Wanbang Microelectronics Co., Ltd. from Kingsignal Technology Co., Ltd. (SZSE:300252) for CNY 200 million on August 2, 2021. For the year ended on June 30, 2021, Jiangsu Wanbang Microelectronics Co., Ltd. reported total assets of CNY 220 million, net assets of CNY 210 million, operating income of CNY 30 million and Net profit of CNY 20 million. The transaction has been approved by board of Kingsignal Technology Co., Ltd.
Small and Medium Enterprises Development Fund (Jiangsu Limited Partnership) managed by Jiangsu Addor Equity Investment Fund Management Co., Ltd. and Jiangsu Modern Services Industrial Development Venture Capital Fund (Limited Partnership) managed by Nanjing Addor Equity Investment Management Enterprise (Limited Partnership) completed the acquisition of 28.5714% stake in Jiangsu Wanbang Microelectronics Co., Ltd. from Kingsignal Technology Co., Ltd. (SZSE:300252) on August 24, 2021.
Kingsignal Technology Co., Ltd. is a China-based company principally involved in the research, development, production and sales of signal interconnection products. The Company operates through three main segments. The Communication Equipment segment is mainly engaged in the research, development, production and sales of telecommunication cables, optical cables, communication assemblies, connectors and printed circuit board (PCB) series products. The Commercial Factoring segment is mainly engaged in provision of commercial factoring-related services. The Other Business segment is primarily engaged in sales, import and export of installation auxiliary materials.
Small and Medium Enterprises Development Fund (Jiangsu Limited Partnership) managed by Jiangsu Addor Equity Investment Fund Management Co., Ltd. and Jiangsu Modern Services Industrial Development Venture Capital Fund (Limited Partnership) managed by Nanjing Addor Equity Investment Management Enterprise (Limited Partnership) completed the acquisition of 28.5714% stake in Jiangsu Wanbang Microelectronics Co., Ltd. from Kingsignal Technology Co., Ltd..
KINGSIGNAL TECHNOLOGY CO., LTD. 