Nanjing Ruichun Investment Management Partnership (Limited Partnership) completed the acquisition of 5..34% stake in Tongling Jingda Special Magnet Wire Co., Ltd. from TongLing JingDa Copper Materials Co, Ltd.
July 19, 2021
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Nanjing Ruichun Investment Management Partnership (Limited Partnership) signed an agreement to acquire 5.34% stake in Tongling Jingda Special Magnet Wire Co., Ltd. (SHSE:600577) from TongLing JingDa Copper Materials (Group) Co, Ltd. for approximately CNY 600 million on June 26, 2021. The share transfer price shall be paid in one lump sum within 3 working days after the transfer of the shares to be transferred is successful.
Nanjing Ruichun Investment Management Partnership (Limited Partnership) completed the acquisition of 5..34% stake in Tongling Jingda Special Magnet Wire Co., Ltd. (SHSE:600577) from TongLing JingDa Copper Materials (Group) Co, Ltd. on July 20, 2021.
Tongling Jingda Special Magnet Wire Co Ltd is a China-based company mainly engaged in the production, research and development, and sales of special electromagnetic wires, special conductors, and mold manufacturing and repair. The Company's main products include enameled wire, automotive electronic wire, bare copper wire, special conductors, copper and aluminum rods and transportation. The Company's products are mainly used in automobiles, electric power, motors, photovoltaics, electronics, communications, power grids, transportation, aerospace and home appliances. The Company mainly operates its businesses in the domestic and overseas markets.
TONGLING JINGDA SPECIAL MAGNET WIRE CO., LTD. 
