Qingdao CHOHO Industrial Co., Ltd (SZSE:003033) entered into an agreement to acquire remaining 85% stake in Shanghai Hantong Auto Parts Co., Ltd. from Cai Yunde and Cai Jianping for CNY 188 million on July 1, 2022. Cai Yunde transferred his 51% equity in the target company (corresponding to the subscribed capital contribution of CNY 6.3 million) to Zhenghe Industry at a price of CNY 112.8 million; Cai Jianping transferred his holdings in the target company 34% (corresponding to the subscribed capital contribution of CNY 4.2 million) was transferred to Zhenghe Industry at a price of CNY 75.2 million. As of March 2022, Total assets were CNY 104.3683 million and Net assets were CNY 83.3307 million.
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- Qingdao CHOHO Industrial Co., Ltd entered into an agreement to acquire remaining 85% stake in Shanghai Hantong Auto Parts Co., Ltd. from Cai Yunde and Cai Jianping for CNy 188 million.