Ningbo Shuanglin Auto Parts Co.,Ltd. cancelled the acquisition of remaining 49% stake in Shandong Deyang Electronic Technology Co., Ltd from Ninghai Xinyingshi New Energy Pharmaceutical Industry Investment Fund Partnership (Limited Partnersh, Shandong Xindayang Electromechanical Technology Co., Ltd and Zhejiang Fuyou Mechanical Engineering Co., Ltd.
October 10, 2019
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Ningbo Shuanglin Auto Parts Co.,Ltd. (SZSE:300100) intends to acquire remaining 49% stake in Shandong Deyang Electronic Technology Co., Ltd from Ninghai Xinyingshi New Energy Pharmaceutical Industry Investment Fund Partnership (Limited Partnersh, Shandong Xindayang Electromechanical Technology Co., Ltd and Zhejiang Fuyou Mechanical Engineering Co., Ltd on October 11, 2018. Post transaction, Ningbo Shuanglin Auto Parts Co.,Ltd will own 100% stake in Shandong Deyang Electronic Technology Co., Ltd. Shandong Deyang Electronic Technology Co., Ltd reported total assets of CNY 314.3 million and net assets of CNY 160.8 million as of December 31, 2017 and revenues of CNY 239.6 million and net profit of CNY 63.3 million for the year ended December 31, 2017. The transaction is approved by the Board of Ningbo Shuanglin Auto Parts.
Ningbo Shuanglin Auto Parts Co.,Ltd. (SZSE:300100) cancelled the acquisition of remaining 49% stake in Shandong Deyang Electronic Technology Co., Ltd from Ninghai Xinyingshi New Energy Pharmaceutical Industry Investment Fund Partnership (Limited Partnersh, Shandong Xindayang Electromechanical Technology Co., Ltd and Zhejiang Fuyou Mechanical Engineering Co., Ltd. on October 11, 2019.
Niingbo Shuanglin Auto Parts Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and distribution of automobile parts and components. The Company's main products include automobile interior and exterior decoration system parts and components, hub bearings, precision injection molding parts, automobile seat system parts and components, new energy vehicles and its controllers and molds, among others. The Company distributes its products in domestic market and to overseas markets.
Ningbo Shuanglin Auto Parts Co.,Ltd. cancelled the acquisition of remaining 49% stake in Shandong Deyang Electronic Technology Co., Ltd from Ninghai Xinyingshi New Energy Pharmaceutical Industry Investment Fund Partnership (Limited Partnersh, Shandong Xindayang Electromechanical Technology Co., Ltd and Zhejiang Fuyou Mechanical Engineering Co., Ltd.