Suzhou Jinfu Technology Co., Ltd. completed the acquisition of a 50.86% stake in Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others.
April 24, 2022
Share
Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) signed a letter of intent agreement to acquire 50.86% stake in Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others for approximately CNY 480 million on November 20, 2021. As of December 18, 2022, Suzhou Jinfu Technology Co., Ltd. signed an agreement to acquire Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others. The consideration will be paid in cash. The total assets and net assets of Shanghai Shenjie Environment Protection were CNY 413.78 million and CNY 293.79 million, respectively, as of September 30, 2021. The transaction is subject to the Suzhou Jinfu Technology's shareholders' approval. On December 18, 2021, Suzhou Jinfu Technology held the 16th (extraordinary) meeting of the 5th directorate and approved the acquisition. As of April 25, 2022,
Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) completed the acquisition of a 50.86% stake in Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others on April 25, 2022.
Suzhou Jinfu Technology Co., Ltd., formerly Suzhou Jinfu New Material Co.,Ltd., is a China-based company principally engaged in the production and distribution of photoelectrical display thin film components. The Companyâs main products include back light modules (BLUs), liquid crystal modules (LCMs), photoelectrical display thin film components, testing tools and automatic equipment, heat insulation and shock-absorbing products and precision die cutting equipment, among others. The Company's products are mainly applied in laptops, liquid crystal display (LCD) monitors, LCD televisions, mobile phones, digital cameras, digital audio and video players, global position system (GPS) navigators and automobile displays, among others. The Company distributes its products in domestic market and to overseas markets.
Suzhou Jinfu Technology Co., Ltd. completed the acquisition of a 50.86% stake in Shanghai Shenjie Environment Protection Science and Technology Co.,Ltd from Zhang Siping and others.