ZHEJIANG WANLIYANG CO., LTD. Shaanxi International Trust Co., Ltd. (SZSE:000563) signed a share transfer agreement to acquire 5.9% stake in Zhejiang Wanliyang Co., Ltd. (SZSE:002434) from Hong Kong Libang Industrial Co., Ltd. for CNY 750 million on September 18, 2021. As per terms, Shaanxi International Trust Co., Ltd. shall acquire 79 million shares each at CNY 9.50 per share. Shaanxi International Trust Co., Ltd. will pay CNY 22.515 million within 5 days from receiving the Shenzhen Stock Exchange issuance of the compliance review confirmation and CNY 727.985 million within 12 months after the completion of the transfer.
Post completion Hong Kong Libang Industrial Co., Ltd. will hold 2.84% stake and Shaanxi International Trust Co., Ltd. will hold 5.90% stake in Zhejiang Wanliyang Co., Ltd. Shaanxi International Trust Co., Ltd. is representing Shaanxi International Investment–Changsheng No. 1 Single Fund Trust in transaction.
