Wuxi Longshan Youdao Management Service Partnership (Limited Partnership) entered into an agreement to acquire 7.84% stake in Lawton Development Co., Ltd from Hainan Luoheng Electro Mechanics Engineering Equipment Installation Co. Ltd for approximately CNY 210 million.
Wuxi Longshan Youdao Management Service Partnership (Limited Partnership) entered into an agreement to acquire 7.84% stake in Lawton Development Co., Ltd (SHSE:600209) from Hainan Luoheng Electro Mechanics Engineering Equipment Installation Co. Ltd for approximately CNY 210 million on September 7, 2020. As a aprt of the transaction, Hainan Luoheng Electro Mechanics will transfer 34.4 million shares for CNY 6.09 per share.