Shenzhen Huashang Longtai Investment Partnership Enterprise (Limited Partnership) cancelled to acquire 80% stake in Shenzhen Yitoa Fintech Technology Co., Ltd. from Shenzhen Yitoa Intelligent Control Co.,Ltd..
January 09, 2021
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Shenzhen Huashang Longtai Investment Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 80% stake in Shenzhen Yitoa Fintech Technology Co., Ltd. from Shenzhen Yitoa Intelligent Control Co.,Ltd. (SZSE:300131) for approximately CNY 150 million on January 10, 2020. Under the terms, Shenzhen Yitoa Fintech's debt worth CNY 140.6 million will be transferred to Shenzhen Huashang Longtai and the difference amount worth CNY 10.7 million will be paid by Shenzhen Huashang Longtai in cash. The transaction is subject to approval by shareholders of Shenzhen Yitoa Fintech. The transaction has been approved by the Board of Shenzhen Yitoa Fintech.
Shenzhen Huashang Longtai Investment Partnership Enterprise (Limited Partnership) cancelled to acquire 80% stake in Shenzhen Yitoa Fintech Technology Co., Ltd. from Shenzhen Yitoa Intelligent Control Co.,Ltd. (SZSE:300131) on January 10, 2021.
Shenzhen Yitoa Intelligent Control Co.,LTD is a China-based company principally engaged in the research, development, production and distribution of electronic components and intelligent control products. The Companyâs products are categorized into electronic components, living appliances intelligent control products, temperature detection intelligent control products and products of the Internet of things, which include relays, connectors, transistors, modules, integrated circuits, resistors, batteries, magnetic beads, diodes, crystal oscillators, hair pliers electronic intelligent controllers, coffee pot electronic intelligent controllers, hair dryer electronic intelligent controllers and wall furnace intelligent controllers, among others. The Company distributes its products in domestic market and to overseas markets.
SHENZHEN YITOA INTELLIGENT CONTROL CO.,LTD. 