Zhao Baorui, Liu Shaochuan, Pei Aiwei, Liu Shipeng and Wang Shuhua agreed to acquire additional 36% stake in Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. from Shenzhen Refond Optoelectronics Co.,Ltd. for CNY 25 million.
April 05, 2021
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Zhao Baorui, Liu Shaochuan, Pei Aiwei, Liu Shipeng and Wang Shuhua agreed to acquire additional 36% stake in Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. from Shenzhen Refond Optoelectronics Co.,Ltd. (SZSE:300241) for CNY 25 million on April 13, 2021. The buyers will pay the equity transfer price among the original shareholders in proportion to the shareholding ratio. Both Party A (Shenzhen Refond Optoelectronics) and Party B (Zhao Baorui, Liu Shaochuan, Pei Aiwei, Liu Shipeng and Wang Shuhu) agreed that Party B will transfer 15% from 36% equity of Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. to the new management party (Liang Wenli) for free. The remaining 21% of the 36% equity of the target company will be distributed according to the shareholding ratio of the original shareholders. Post completion, Shenzhen Refond Optoelectronics will own 15% in Zhuhai Winner Auto Lamp. The first payment, totaling CNY 10 million, should be paid within 3 days from the date of signing of this agreement and no later than March 31, 2021; the second payment, totaling CNY 10 million, should be paid in before March 31, 2022; the third payment, totaling CNY 5 million, should be paid before March 31, 2023. The transaction will close by April 30, 2021.
SHENZHEN REFOND OPTOELECTRONICS CO., LTD. is principally engaged in the research and development of light emitting diode (LED) packaging technologies, as well as the manufacturing and sale of LED packaging products. The Company primarily provides high end backlight LED components and assemblies, LED components and assemblies for lighting, as well as LED components and assemblies for displaying, among others. The Company's products are widely used in the manufacture of liquid crystal display (LCD) televisions, computers and mobile phones, as well as daily use electronic products, urban lighting, indoor lighting, displays, industrial applications and automobiles, among others. The Company distributes its products in domestic and overseas markets, with Pearl River Delta region and Yangtze River Delta region as the main market.
Zhao Baorui, Liu Shaochuan, Pei Aiwei, Liu Shipeng and Wang Shuhua agreed to acquire additional 36% stake in Zhuhai Winner Auto Lamp Manufacturing Co.,Ltd. from Shenzhen Refond Optoelectronics Co.,Ltd. for CNY 25 million.