Wang Zhifang completed the acquisition of Tianjin Pengling Group Co., Ltd from Zhang Hongqi.
August 26, 2021
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Wang Zhifang signed cooperation framework agreement to acquire Tianjin Pengling Group Co., Ltd (SZSE:300375) from Zhang Hongqi on November 20, 2020. Wang Zhifang signed an equity transfer agreement to acquire 29.89% stake in Tianjin Pengling Group Co., Ltd (SZSE:300375) from Zhang Hongqi for CNY 1 billion on June 19, 2021. Wang Zhifang will acquire 212.6 million shares. The transaction is subject to approval by China Securities Regulatory Commission, Shenzhen Stock Exchange and other regulatory authorities.
Wang Zhifang completed the acquisition of Tianjin Pengling Group Co., Ltd (SZSE:300375) from Zhang Hongqi on August 27, 2021.
Tianjin Pengling Group Co Ltd, formerly TIANJIN PENGLING RUBBER HOSE CO.,LTD., is principally engaged in the research, development, production and distribution of rubber hose and assembly products for automobile use. The Company mainly provides cooling water hoses and fuel hoses. The Company's products consist of automobile engine accessory system hose and assembly series, automobile fuel system hose and assembly series, automobile air conditioning system hose and assembly series, as well as mould pressing products, among others. It distributes its products within domestic market and to overseas markets.
TIANJIN PENGLING GROUP CO.,LTD 
