Zhejiang Lishu Equity Investment Co., Ltd. signed the Framework Agreement to acquire a 15% stake in Zhe Jiang Kangsheng Co.,Ltd. from Changzhou Xinghe Capital Management Co., Ltd. and Chongqing Tuoyang Investment Co., Ltd. for approximately CNY 480 million.
April 24, 2023
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Zhejiang Lishu Equity Investment Co., Ltd. signed the Framework Agreement to acquire a 15% stake in Zhe Jiang Kangsheng Co.,Ltd. (SZSE:002418) from Changzhou Xinghe Capital Management Co., Ltd. and Chongqing Tuoyang Investment Co., Ltd. for approximately CNY 480 million on April 21, 2023. The consideration for the transaction is determined according to the average trading price of the listed Zhe Jiang's stock in the 20 trading days before the signing of the framework agreement, that is, CNY 2.82 per share in cash. Chongqing Tuoyang Investment Co., Ltd. will transfer 122.18 million shares and Changzhou Xinghe Capital Management Co., Ltd. will transfer 48.28 million shares of Zhe Jiang Kangsheng.
ZHE JIANG KANGSHENG CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of air cooling and refrigeration pipes, as well as related products. The Company operates its businesses through three segments. The Cooling Parts segment mainly provides cooling pipes, steel fittings, refrigeration tubes, aluminum accessories, refrigeration brass, copper and aluminum parts. The New Energy Automotive Parts segment is engaged in the research and development, manufacture and distribution of electrical, electrical control and electrical air conditioning products. The Finance Leasing segment is engaged in finance leasing business, and related consulting, guarantee and business factoring businesses. The Company conducts its businesses within domestic and overseas markets.
Zhejiang Lishu Equity Investment Co., Ltd. signed the Framework Agreement to acquire a 15% stake in Zhe Jiang Kangsheng Co.,Ltd. from Changzhou Xinghe Capital Management Co., Ltd. and Chongqing Tuoyang Investment Co., Ltd. for approximately CNY 480 million.
ZHE JIANG KANGSHENG CO.,LTD. 