Wintest Corporation (TSE:6721) announced that it has entered into an capital cooperation agreement with new investor, Wuhan Jingce Electronic Group Co., Ltd. (SZSE:300567) for 20,000,000 common shares at a price of ¥130 per share for gross proceeds of ¥2,600,000,000 on July 31, 2019. Out of the total capital, ¥1,300,000,000 will go to the registered capital and ¥1,300,000,000 will go the capital reserve of the company. The investor will acquire 60.53% stake in the transaction.

The transaction has been approved by the board of directors in the 3rd directorate's 8th meeting and is not subject to its shareholder's. The payment date is between August 16, 2019 to October 31, 2019. The company will pay ¥7,000,000 for attorney's fee, ¥2,200,000 for translation fee, ¥9,100,000 for registered license tax, ¥113,400 for investigation of anti-social force applicability of the assignee and ¥450,200 for other expenses.