Mao Tiejun, Shenzhen Yongcheng No. 2 Investment Partnership Enterprise (Limited Partnership), He Chengjian, Tang Qianjun and Chen Yinjun cancelled the acquisition of 60% stake in Shenzhen Xinpu Automatic Equipment Co., Ltd. from Shenzhen Yinghe Technology Co., Ltd.
December 30, 2018
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Mao Tiejun, Shenzhen Yongcheng No. 2 Investment Partnership Enterprise (Limited Partnership), He Chengjian, Tang Qianjun and Chen Yinjun signed an agreement to acquire 60% stake in Shenzhen Xinpu Automatic Equipment Co., Ltd. from Shenzhen Yinghe Technology Co., Ltd (SZSE:300457) for CNY 96 million on December 1, 2017. Mao Tiejun will acquire 15% stake, Shenzhen Yongcheng No. 2 Investment Partnership Enterprise (Limited Partnership) will acquire 16.67% stake, He Chengjian will acquire 16.33% stake, Tang Qianjun will acquire 10% stake and Chen Yinjun will acquire 2% stake in Shenzhen Xinpu Automatic Equipment Co., Ltd. Shenzhen Xinpu Automatic Equipment Co., Ltd. reported total assets of CNY 91.83 million and net assets of CNY 26.9 million as at December 31, 2016. Shenzhen Xinpu Automatic Equipment Co., Ltd. reported revenues of CNY 72.2 million, operating profit of CNY 16.97 million and net profit of CNY 16.44 million in 2016. The Board of Directors of Shenzhen Yinghe Technology Co., Ltd. approved the transaction. The transaction does not need the shareholders' approval.
Mao Tiejun, Shenzhen Yongcheng No. 2 Investment Partnership Enterprise (Limited Partnership), He Chengjian, Tang Qianjun and Chen Yinjun cancelled the acquisition of 60% stake in Shenzhen Xinpu Automatic Equipment Co., Ltd. from Shenzhen Yinghe Technology Co., Ltd (SZSE:300457) on December 1, 2018.
SHENZHEN YINGHE TECHNOLOGY CO.,LTD. is mainly engaged in the manufacture of lithium electric equipment. The Company's main business is the research and development, design, manufacture, sale of automated production equipment for lithium-ion battery, and the provision of related services. The Company's main products include six equipment series such as coating machines, slitting machines, tableting machines, winding machines, die cutting machines and lamination machines as well as related assisted machines. The products are primarily used in the manufacture of lithium-ion batteries and are sold to China domestic and overseas markets.
SHENZHEN YINGHE TECHNOLOGY CO., LTD 
