Yancheng Dafeng Gaoxin Jinnuo Industrial Investment Management Partnership (Limited Partnership) signed an agreement to acquire 3.1% stake in Kingsignal Technology Co., Ltd. from Huang Changhua for CNY 15 million.
September 12, 2021
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Yancheng Dafeng Gaoxin Jinnuo Industrial Investment Management Partnership (Limited Partnership) signed an agreement to acquire 3.1% stake in Kingsignal Technology Co., Ltd. (SZSE:300252) from Huang Changhua for CNY 15 million on September 11, 2021. As per the transaction, Yancheng Dafeng Gaoxin Jinnuo Industrial Investment Management Partnership (Limited Partnership) will acquire 17.9 million shares at CNY 8.38 per share. Yancheng Dafeng Gaoxin Jinnuo Industrial Investment Management Partnership (Limited Partnership) shall pay 17% of consideration after signing agreement while remaining 83% payable on completion. Post completion, Huang Changhua will hold 146.54 million shares representing 25.43% stake of Kingsignal Technology Co., Ltd.
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.
Yancheng Dafeng Gaoxin Jinnuo Industrial Investment Management Partnership (Limited Partnership) signed an agreement to acquire 3.1% stake in Kingsignal Technology Co., Ltd. from Huang Changhua for CNY 15 million.
KINGSIGNAL TECHNOLOGY CO., LTD. 