Landai Technology Group Corp., Ltd. agreed to acquire additional 7% of stake in Chongqing Landai Transmission Machinery Co., Ltd. from China Agricultural Development Key Construction Fund Co., Ltd. for CNY 49 million.
July 29, 2021
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Landai Technology Group Corp., Ltd. (SZSE:002765) agreed to acquire additional 7% of stake in Chongqing Landai Transmission Machinery Co., Ltd. from China Agricultural Development Key Construction Fund Co., Ltd. for CNY 49 million on July 29, 2021. On July 29, 2021, Landai Technology convened the 13th meeting of the fourth board of directors with 9 votes in favor, 0 votes against, and 0 abstentions. As of December 31, 2020, Landai Transmission has total assets of CNY 1,008.2495 million, total liabilities of CNY 333.8205 million, and net assets of CNY 674.429 million; operating income in 2020 is CNY 313.544 million, and net profit is CNY -45.8685 million.
Landai Technology Group Corp Ltd, formerly Chongqing Landai Powertrain Corp Ltd, is a China-based company engaged in the research and development, manufacture and sale of accessories and components for passenger cars. The Company's major products are transmission parts, including manual transmission wheel gears and automatic transmission parts; manual transmission assembly; auto casting products, including transmission housings, clutch housing and engine cylinders, as well as motorcycle's main shaft and countershaft fittings, among others. It also produces automation equipment.
Landai Technology Group Corp., Ltd. agreed to acquire additional 7% of stake in Chongqing Landai Transmission Machinery Co., Ltd. from China Agricultural Development Key Construction Fund Co., Ltd. for CNY 49 million.
LANDAI TECHNOLOGY GROUP CORP., LTD. 
