Guangzhou Hengyi Investment Development Partnership Enterprise (Limited Partnership) and Guangzhou Vanlead Investment Holding Co., Ltd. completed the acquisition of 5% stake in Sunward Intelligent Equipment Co., Ltd. from He Qinghua and Shi Yi.
August 30, 2020
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Guangzhou Hengyi Investment Development Partnership Enterprise (Limited Partnership) and Guangzhou Vanlead Investment Holding Co., Ltd. entered into a share transfer agreement to acquire 5% stake in Sunward Intelligent Equipment Co., Ltd. (SZSE:002097) from He Qinghua and Shi Yi for approximately CNY 390 million on July 24, 2020. Under the terms of the transaction, Guangzhou Hengyi will acquire 49 million shares from He Qinghua while Guangzhou Vanlead will acquire 5.3 million shares from Shi Yi for CNY 7.09 per share. Prior to the transaction, Guangzhou Hengyi holds 5.9% stake while Guangzhou Vanlead holds 13.9% stake in Sunward.
Guangzhou Hengyi Investment Development Partnership Enterprise (Limited Partnership) and Guangzhou Vanlead Investment Holding Co., Ltd. completed the acquisition of 5% stake in Sunward Intelligent Equipment Co., Ltd. (SZSE:002097) from He Qinghua and Shi Yi on August 31, 2020.
SUNWARD INTELLIGENT EQUIPMENT CO., LTD. is a China-based company, principally engaged in the construction machinery manufacturing business. The Company is also engaged in capital construction business and airline operations. The main products of the Company consist of piling machinery, mining machinery, drilling machinery and other equipments. The Company mainly operates its businesses within domestic and oversea markets.
Guangzhou Hengyi Investment Development Partnership Enterprise (Limited Partnership) and Guangzhou Vanlead Investment Holding Co., Ltd. completed the acquisition of 5% stake in Sunward Intelligent Equipment Co., Ltd. from He Qinghua and Shi Yi.
SUNWARD INTELLIGENT EQUIPMENT CO., LTD. 
