Chen Xingcan completed the acquisition of a 6.82% stake in ZYF Lopsking Aluminum Co., Ltd. fom Qian Fang
January 03, 2024
Share
Chen Xingcan signed a Share Transfer Agreement to acquire a 6.82% stake in ZYF Lopsking Aluminum Co., Ltd. (SZSE:002333) fom Qian Fang for approximately CNY 260 million on November 17, 2023. As part of the transaction, will acquire Chen Xingcan 46,014,512 shares at a price of CNY 5.58 per share and the consideration will be paid as per the defined arrangements. After the completion, Qian Fang will continue to hold 40,495,488 shares of ZYF Lopsking Aluminum.
Chen Xingcan completed the acquisition of a 6.82% stake in ZYF Lopsking Aluminum Co., Ltd. (SZSE:002333) fom Qian Fang on January 4, 2024.
ZYF Lopsking Material Technology Co Ltd, formerly ZYF Lopsking Aluminum Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of aluminum alloy casting rods, aluminum building profiles, aluminum alloy doors and windows. The Company is also engaged in material sales, building intelligent construction and other related businesses around the smart city. The Company's smart city related businesses mainly include smart building, smart medical treatment, smart education, smart transportation, smart cultural tourism, smart elderly care and others.