Chu Chenjian completed the acquisition of 5% stake in Zhejiang Changsheng Sliding Bearings Co., Ltd. from Sun Zhihua.
February 03, 2021
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Chu Chenjian agreed to acquire 5% stake in Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) from Sun Zhihua approximately for CNY 130 million on January 8, 2021. In the acquisition, Chu Chenjian will acquire 9.9 million shares at a price of CNY 13.2 per share. The transfer price must be paid within 30 natural days after the completion date of the transfer registration.
Chu Chenjian completed the acquisition of 5% stake in Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) from Sun Zhihua on February 4, 2021.
Zhejiang Changsheng Sliding Bearings Co Ltd is a company engaged in research, development, production and sales of self-lubricating bearings. The Company's products are comprised of metal-plastic polymer self-lubricating rolled bearings, bimetallic boundary lubricating rolled bearings, metal-based self-lubricating bearings, copper-based boundary lubricating rolled bearings, non-metallic self-lubricating bearings and other bearings. The products are used in a range of industries, including automobiles, engineering machinery, port machinery, plastic machinery, agricultural machinery and so on. The Company sells its products to both domestic and international markets, including South Korea, Germany, Britain, Italy, France and Sweden.