You Guiling completed the acquisition of 5.02% stake in Shanghai Original Advanced Compounds Co., Ltd from Shanghai Zhizheng Enterprise Group Co., Ltd. and Anhui Anyi Datong Equity Investment Partnership L.P. fund managed by Qingkong Jinxin Capital Management Co., Ltd.
December 22, 2020
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You Guiling signed an agreement to acquire 5.02% stake in Shanghai Original Advanced Compounds Co., Ltd (SHSE:603991) from Shanghai Zhizheng Enterprise Group Co., Ltd. and Anhui Anyi Datong Equity Investment Partnership L.P. fund managed by Qingkong Jinxin Capital Management (Beijing) Co., Ltd. for approximately CNY150 million on December 14, 2020. On the day of the agreement’s effectivity date, You Guiling will make the first payment to sellers (CNY60 million to Shanghai Zhizheng Enterprise Group Co., Ltd. and CNY2 million to Anhui Anyi Datong Equity Investment Partnership Enterprise (Limited Partnership)). On the day of completion You Guiling will pay the remaining transfer price to the sellers’ designated accounts (CNY83,170,204.11 to Shanghai Zhizheng Enterprise Group Co., Ltd. and and CNY1,931,000.00 to Anhui Anyi Datong Equity Investment Partnership Enterprise (Limited Partnership)). As part of the agreement, Shanghai Zhizheng Enterprise will sell 3.6 million shares representing 4.89% stake for consideration of CNY 143 million and Anyi Datong Equity Investment Partnership will sell 0.1 million shares representing 0.13% stake for consideration of CNY 3.9 million.
You Guiling completed the acquisition of 5.02% stake in Shanghai Original Advanced Compounds Co., Ltd (SHSE:603991) from Shanghai Zhizheng Enterprise Group Co., Ltd. and Anhui Anyi Datong Equity Investment Partnership L.P. fund managed by Qingkong Jinxin Capital Management (Beijing) Co., Ltd. on December 23, 2020.
Shenzhen Original Advanced Compounds Co Ltd, formerly Shanghai Original Advanced Compounds Co Ltd, is a China-based company principally engaged in the research and development, manufacture and sales of green and environmental-friendly polyolefin polymer materials for wires, cables and optical cables. The Company's main products include polyolefin polymer materials for optical communication cables, optical cables, electrical equipment lines and power system power cables. The Company operates its businesses primary in domestic market.
You Guiling completed the acquisition of 5.02% stake in Shanghai Original Advanced Compounds Co., Ltd from Shanghai Zhizheng Enterprise Group Co., Ltd. and Anhui Anyi Datong Equity Investment Partnership L.P. fund managed by Qingkong Jinxin Capital Management Co., Ltd.