He Lin completed the acquisition of 51% stake in Sichuan Huiyuan Jixun Digital Technology Co., Ltd. from Sichuan Huiyuan Optical Communication Co., Ltd..
February 04, 2021
Share
He Lin signed an agreement to acquire 51% stake in Sichuan Huiyuan Jixun Digital Technology Co., Ltd. from Sichuan Huiyuan Optical Communication Co., Ltd. (SZSE:000586) for CNY 23.9 million on November 30, 2020. He Lin has paid CNY 1 million as first payment, CNY 12.2 million payable within five working days after the approval from shareholders of Sichuan Huiyuan Optical Communication Co., Ltd. The third installment of CNY 10.78 million payable within 75 working days after the completion of transaction. As of January 24, 2021, He Lin failed to pay third installment payment on time. As on July 31, 2020, Sichuan Huiyuan Jixun Digital had total assets worth CNY 194.3 million and net assets worth CNY 36.2 million. The Board of Directors and shareholders of Sichuan Huiyuan Optical Communication Co., Ltd has approved the transaction. ZhongXingCaiGuangHua CPA Office Co. Ltd and Shenzhen Zhonglian Assets Appraisal Co., Ltd. acted as auditors for Sichuan Huiyuan Jixun Digital Technology.
He Lin completed the acquisition of 51% stake in Sichuan Huiyuan Jixun Digital Technology Co., Ltd. from Sichuan Huiyuan Optical Communication Co., Ltd. (SZSE:000586) on February 5, 2021. He Lin has paid all the transaction price and liquidated damages and Sichuan Huiyuan Jixun Digital Technology has obtained the "Notice of Approval of Change of Registration" and "Business License" renewed by the Administrative Approval Bureau of Qingyang District, Chengdu.
SICHUANHUIYUANOPTICAL COMMUNICATIONS CO., LTD. is a China-based company principally engaged in the communication business. The Company's main business includes engineering and system integration business, as well as optical fiber, optical cable and related products business. The communication engineering and system integration business mainly includes the provision of communications equipment and ancillary products for telecom operators, as well as the provision of information system software development, engineering design, system integration and related services. The optical fiber, optical cable and related products business mainly includes the sales of power optical cable and ordinary optical cable, as well as the provision of related installation, maintenance and technical consulting services.
He Lin completed the acquisition of 51% stake in Sichuan Huiyuan Jixun Digital Technology Co., Ltd. from Sichuan Huiyuan Optical Communication Co., Ltd..