Fang Yong, Shanghai Jinyou Investment Management Partnership (Limited Partnership), Ding Jiabo, Gong Jing, Zhou Dailie, Shanghai Puqin Asset Management Partnership (Limited Partnership) and Shanghai Haihuai Asset Management Partnership (Limited Partnership) completed the acquisition of 51% stake in Shanghai Evis Technology Co., Ltd. from Lingda Group Co., Ltd. and Linggan Technology Co., Ltd.
March 24, 2021
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Fang Yong, Shanghai Jinyou Investment Management Partnership (Limited Partnership), Ding Jiabo, Gong Jing, Zhou Dailie, Shanghai Puqin Asset Management Partnership (Limited Partnership) and Shanghai Haihuai Asset Management Partnership (Limited Partnership) signed an agreement to acquire 51% stake in Shanghai Evis Technology Co., Ltd. from Lingda Group Co., Ltd. (SZSE:300125) and Linggan Technology (Shanghai) Co., Ltd. for approximately CNY 110 million on February 8, 2021. Linggan Technology intends to transfer its 14.89% equity in Shanghai Evis Technology Co., Ltd. to Fang Yong, Shanghai Jinyou Investment Management Partnership (Limited Partnership), Ding Jiabo, Gong Jing, and Zhou Dailie, at a transfer price of CNY 33.5 million. Linggan Technology intends to transfer a 25% stake of Shanghai Evis Technology Co., Ltd. to Shanghai Wyong Asset Management Partnership (Limited Partnership), Shanghai Haihuai Asset Management Partnership (Limited Partnership), and Shanghai Puqin Asset Management Partnership (Limited Partnership), the transfer price is CNY 56.3 million. Lingda Group Co., Ltd intends to transfer its 11.11% equity of Shanghai Evis Technology Co., Ltd. to Fang Yong at a transfer price of CNY 25 million. Shanghai Evis Technology Co., Ltd. reported total assets of CNY 35 million and total common equity of CNY 33.1 million as of November 30, 2020.
Fang Yong, Shanghai Jinyou Investment Management Partnership (Limited Partnership), Ding Jiabo, Gong Jing, Zhou Dailie, Shanghai Puqin Asset Management Partnership (Limited Partnership) and Shanghai Haihuai Asset Management Partnership (Limited Partnership) completed the acquisition of 51% stake in Shanghai Evis Technology Co., Ltd. from Lingda Group Co., Ltd. (SZSE:300125) and Linggan Technology (Shanghai) Co., Ltd. on March 25, 2021. On March 5, 2021, Lingda Group Co., Ltd. (SZSE:300125) shareholders approved the deal. As of March 30, 2021, Lingda Group Co., Ltd. has received an initial equity transfer payment of CNY 90 million. As On April 20, 2021, Lingda Group Co., Ltd have received CNY 101.25 million. The entire remaining equity transfer payment of this transaction of CNY 13.5 million will be paid within 12 months after the agreement becomes effective.
Lingda Group Co Ltd, formerly Dalian East New Energy Development Co Ltd, is a China-based company mainly engaged in investment business and photovoltaic power generation business. The Company operates five segments. The Photovoltaic Power Generation Business segment is engaged in the operation of photovoltaic power plants. The Commercial Factoring Business segment is engaged in factoring business. The Naked-eye 3 dimensions (3D) Business segment provides naked-eye 3D / XR general-purpose computing platforms and solutions. The Waste Heat Power Generation Business segment provides services for energy conservation and emission reduction through general contracting, engineering design, equipment manufacturing and complete sets and technical services. Its customers are mainly in the cement industry. The Company also operates Others segment. The Company's investment business areas involve naked-eye 3D, industrial hemp derivative processing and commercial factoring.
LINGDA GROUP CO., LTD. 