Suzhou Chunxing Precision Mechanical Co., Ltd. cancelled the acquisition of 30.6% stake in Xianyou Derun Investment Co., Ltd. from Zhongshan Sotech Technology Investment Co., Ltd.
April 19, 2021
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Suzhou Chunxing Precision Mechanical Co., Ltd. (SZSE:002547) signed an equity transfer agreement to acquire 30.6% stake in Xianyou Derun Investment Co., Ltd. from Zhongshan Sotech Technology Investment Co., Ltd. on April 20, 2020. The financials of Xianyou Derun Investment as of December 31, 2019, are total assets of CNY 643 million, total owner's equity of CNY 451 million, total loss and net loss of CNY 0.019 million. The transaction does not need approval of shareholders of Sotech Smarter Equipment.
Suzhou Chunxing Precision Mechanical Co., Ltd. (SZSE:002547) cancelled the acquisition of 30.6% stake in Xianyou Derun Investment Co., Ltd. from Zhongshan Sotech Technology Investment Co., Ltd. on April 20, 2021.
SUZHOU CHUNXING PRECISION MECHANICAL CO., LTD is a China-based company, principally engaged in the research, development and manufacture of precision light metal structures, mobile radio frequency devices and stamping sheet metal parts. The Company's products include filter structures, radiator structures, automobile cooling system structures, filters, diplexers and combiners, among others. The Company's products are applied in communication equipment, automotives, consumer electronics and frequency converters and other fields. The Company distributes its products within domestic market and to overseas markets.
SUZHOU CHUNXING PRECISION MECHANICAL CO., LTD. 
