Lei Ping completed the acquisition of a 35% stake in Xiamen Aimakang Technology Co., Ltd.
June 29, 2020
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Lei Ping signed the agreement to acquire 35% stake in Xiamen Aimakang Technology Co., Ltd from LeKing Wellness Co., Ltd. (SZSE:300247)on January 14, 2020.Under the agreement, Lei Ping shall pay CNY 1 million as guarantee within three days since signing of agreement which would be part of consdieration. A second installment of 60% of consideration will be paid within three days after the audit report of the accounting firm is issued in accordance with Artilce 1 of the agreement. The extant 40% of the price will be paid within 3 days since completion of change of registry procedures. LeKing Wellness Co., Ltd. also signed the agreement with Gu Qiankun who will waive priority purchase rights. The approval from shareholders and Board of Directors of LeKing Wellness Co., Ltd. is not required.
Lei Ping completed the acquisition of a 35% stake in Xiamen Aimakang Technology Co., Ltd on June 30, 2020.
Youngy Health Co., Ltd., formerly LeKing Wellness Co.,Ltd., is a China-based company principally engaged in the research and development, production and distribution of household far infrared therapy equipment. The Companyâs main products include far infrared therapy houses, massage armchairs, small massage home appliances, portable sauna equipment, air purifiers and fitness apparatuses, among others. The Company distributes its products in domestic market and to overseas markets.