Zhejiang Geely Holding Group Co., Ltd. completed the acquisition of 29.8% stake in Zhejiang Qianjiang Motorcycle Co., Ltd..
September 18, 2016
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Zhejiang Geely Holding Group Co., Ltd. signed an agreement to acquire 29.8% stake in Zhejiang Qianjiang Motorcycle Co., Ltd. (SZSE:000913) for CNY 1.1 billion on June 1, 2016. The stake transfer price is CNY 8.01 per share. Wenling Qianjiang Investment & Management Ltd. will transfer its 135 million shares. Wenling Qianjiang Investment & Management is selling partial stake in the deal.
Zhejiang Geely Holding Group Co., Ltd. completed the acquisition of 29.8% stake in Zhejiang Qianjiang Motorcycle Co., Ltd. (SZSE:000913) on September 19, 2016.
Zhejiang Qianjiang Motorcycle Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of motorcycles and electric bicycles. The Company operates primarily through three segments. The Railway, Shipbuilding, Aerospace and Other Transportation Equipment Manufacturing segment is mainly engaged in the research and development, manufacturing and sales of motorcycles, electric bicycles and motorcycle parts. The Semiconductor Discrete Device Manufacturing segment is mainly engaged in the packaging and testing of discrete devices. The Investment Management segment is mainly engaged in investment management business. The Company mainly conducts its businesses in domestic and overseas markets.
ZHEJIANG QIANJIANG MOTORCYCLE CO., LTD. 
