Ningbo Meishan Bonded Port Area Jingcheng Venture Capital Partnership (limited partnership) intends to acquire 3% stake in Zhejiang Cosin Solar Technology Co., Ltd. from Xizi Clean Energy Equipment Manufacturing Co., Ltd. and Jin Jianxiang for CNY 114.1 million.
December 04, 2022
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Ningbo Meishan Bonded Port Area Jingcheng Venture Capital Partnership (limited partnership) intends to acquire 3% stake in Zhejiang Cosin Solar Technology Co., Ltd. from Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SZSE:002534) and Jin Jianxiang for CNY 114.1 million on December 5, 2022. The Xizi Clean Energy Equipment Manufacturing and the Ningbo Meishan Bonded Port Area Jingcheng agree that the target shares will be transferred at a price of 14 per share 6.65 million shares, and the total price of this share transfer is CNY 93.1 million. The Xizi Clean Energy Equipment Manufacturing and the Jin Jianxiang agree that the target shares will be transferred at the price of 14 per share 1.5 million million shares, and the total price of this share transfer is CNY 21 million. As of December 31, 2021, Zhejiang Cosin Solar Technology Co., Ltd. , Total Assets of CNY 969.14572 million, Operating Income of CNY 4.110314 million, Net Income of CNY 4.279587 million, Net Assets of CNY 811.364126 million.
The Xizi Clean Energy Equipment Manufacturing is obliged to urge the Zhejiang Cosin Solar Technology to complete the industrial and commercial filing procedures before December 31, 2022 after signing the agreement, and the Ningbo Meishan Bonded Port Area Jingcheng must complete the payment of 51% of the first transfer payment.
Xizi Clean Energy Equipment Manufacturing Co Ltd, formerly Hangzhou Boiler Group Co Ltd, is a China-based company mainly engaged in consulting, research and development, production, sales, installation and general contracting of waste heat boilers, clean and environmentally friendly energy power generation equipment and other products. The Company provides customers with energy-saving and environmental protection equipment and overall solutions for energy utilization. The Company's main products include industrial boilers, waste heat boilers, power station boilers, components and power station auxiliary equipment. The Company is also involved in trading service business. The Company distributes its products in the domestic market and to overseas markets.
Ningbo Meishan Bonded Port Area Jingcheng Venture Capital Partnership (limited partnership) intends to acquire 3% stake in Zhejiang Cosin Solar Technology Co., Ltd. from Xizi Clean Energy Equipment Manufacturing Co., Ltd. and Jin Jianxiang for CNY 114.1 million.