Guangzhou Zhiguang Integrated Energy Application Technology Co., Ltd. cancelled the acquisition of 50% stake in Pinglu Ruiyuan Heating Co., Ltd. from Shanghai Cooltech Power Co., Ltd..
July 04, 2020
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Guangzhou Zhiguang Integrated Energy Application Technology Co., Ltd. entered into an agreement to acquire 50% stake in Pinglu Ruiyuan Heating Co., Ltd. from Shanghai Cooltech Power Co., Ltd. (SZSE:300153) for CNY 47.7 million on July 5, 2019. As of December 31, 2018, Pinglu Ruiyuan reported total assets worth CNY 450 million, net assets worth CNY 41.9 million, revenue worth CNY 14.2 million, operating loss worth CNY 34.4 million and net loss worth CNY 34.7 million. The transaction was approved by the 12th session of Shanghai Cooltech directorate on July 5, 2019.
Guangzhou Zhiguang Integrated Energy Application Technology Co., Ltd. cancelled the acquisition of 50% stake in Pinglu Ruiyuan Heating Co., Ltd. from Shanghai Cooltech Power Co., Ltd. (SZSE:300153) for CNY 47.7 million on July 5, 2020.
SHANGHAI COOLTECH POWER CO.,LTD is a China-based company principally engaged in the development, design, manufacture and distribution of intelligent environmental protection power supply equipment. The Company mainly operates through three segments. Intelligent Environmental Protection Power Supply Equipment segment is mainly involved in the development, design, manufacture and sale of intelligent protection power supply equipment, as well as provides pre-sales and after-sale services, such as technology consulting, training, installation and maintenance. New Energy Vehicle segment provides lithium-ion power battery systems for the manufactures of whole vehicles. Energy Saving and Environmental Protection segment primarily provides environmentally friendly low-noise diesel generator sets. The Company distributes its products in East China and South China, as well as Asia market.
Guangzhou Zhiguang Integrated Energy Application Technology Co., Ltd. cancelled the acquisition of 50% stake in Pinglu Ruiyuan Heating Co., Ltd. from Shanghai Cooltech Power Co., Ltd..
SHANGHAI COOLTECH POWER CO., LTD. 
