Pei Lianwei completed the acquisition of 30% stake in Shenzhen Yanfengda Technology Co., Ltd. from ShenZhen RoadRover Technology Co.,Ltd.
April 20, 2020
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Pei Lianwei signed an equity transfer agreement to acquire 30% stake in Shenzhen Yanfengda Technology Co., Ltd. from ShenZhen RoadRover Technology Co.,Ltd (SZSE:002813) for CNY 8 million on November 8, 2019. Pei Lianwei shall pay CNY 4 million before December 20, 2019, and shall pay another CNY 4 million before March 30, 2020. After the completion of the share transfer, ShenZhen RoadRover Technology will no longer holds shares in Shenzhen Yufengda. For the period ended December 31, 2018, Shenzhen Yanfengda Technology reported revenue of CNY 5.35 million, total assets of CNY 6.66 million, net loss of CNY 3.89 million and net liabilities of CNY 0.69 million. Transaction has been approved at the 14th temporary meeting of the third directorate of ShenZhen RoadRover Technology. Pei Lianwei acted as legal representative of Shenzhen Yanfengda Technology.
Pei Lianwei completed the acquisition of 30% stake in Shenzhen Yanfengda Technology Co., Ltd. from ShenZhen RoadRover Technology Co.,Ltd (SZSE:002813) on April 21, 2020.
ShenZhen RoadRover Technology Co Ltd is a China-based company principally engaged in the development, manufacture and sales of automobile informatization, intelligence and intelligent travel related products, as well as providing related services. The Company's main products include smart car machines, full liquid crystal display (LCD) digital meters, 360 panoramic views, electric tailgates, T-BOX, ADAS, HUD, streaming media rearview, driving recorder, high-definition rearview and other automotive electronic products and car networking products. The Company distributes its products within domestic market and to overseas markets.