Yunding Technology Co.,Ltd. completed the acquisition of 57.41% stake in TianJinDetong Electric Co.,Ltd from group of sellers. Group of sellers include; Dadi Engineering Development Co., Cao Ying, Cao Shuming, Zhang Jianfeng,Tianjin Xinxin Enterprise Management Consulting Partnership Enterprise (L.P.), Qi Hongliang and Qu Jingpeng.
November 31, 2022
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Yunding Technology Co.,Ltd. (SZSE:000409) agreed to acquire a 57.41% stake in TianJinDetong Electric Co.,Ltd from group of sellers. Group of sellers include; Dadi Engineering Development (Group) Co., Cao Ying, Cao Shuming, Zhang Jianfeng,Tianjin Xinxin Enterprise Management Consulting Partnership Enterprise (L.P.), Qi Hongliang and Qu Jingpeng for approximately CNY 320 million on September 19, 2022. Yunding Technology Co.,Ltd. board has approved the deal. Yunding Technology;s shareholders alos approved the transaction. For the period end March 2022, TianJinDetong had CNY 366.2191 million of total assets and CNY 198.3794 million of total owner's equity. CSC Financial Co., Ltd. (SEHK:6066) acted as financial advisor to Yunding Technology, Zhong Lun Law Firm acted as legal advisor to Yunding Technology, Wuyige Certified Public Accountants LLP acted as accountant to Yunding Technology.
Yunding Technology Co.,Ltd. (SZSE:000409) completed the acquisition of 57.41% stake in TianJinDetong Electric Co.,Ltd from group of sellers. Group of sellers include; Dadi Engineering Development (Group) Co., Cao Ying, Cao Shuming, Zhang Jianfeng,Tianjin Xinxin Enterprise Management Consulting Partnership Enterprise (L.P.), Qi Hongliang and Qu Jingpeng on November 1, 2022.
Yunding Technology Co Ltd, formerly ShanDong Geo-Mineral Co Ltd, is a China-based company principally engaged in information technology service business and coal gasification technology promotion business. The Company operates business through two segments. The Information Technology Service Business segment, through its subsidiary, provides customers with characteristic information, intelligent solutions and closed-loop services from planning, design, integration to operation and maintenance. The Coal Gasification Technology Promotion Business segment, through its subsidiary, is mainly engaged in coal gasification technology implementation license, technology research and development, technical services and technical training business. The Company mainly conducts business in the domestic market.
Yunding Technology Co.,Ltd. completed the acquisition of 57.41% stake in TianJinDetong Electric Co.,Ltd from group of sellers. Group of sellers include; Dadi Engineering Development Co., Cao Ying, Cao Shuming, Zhang Jianfeng,Tianjin Xinxin Enterprise Management Consulting Partnership Enterprise (L.P.), Qi Hongliang and Qu Jingpeng.
YUNDING TECHNOLOGY CO.,LTD. 
