Zhou Zhantao signed equity transfer agreement to acquire 5.7% stake in Guangdong Hongteo Technology Co., Ltd. from Guangdong Shuobo Investment Development Co., Ltd. for approximately CNY 740 million.
January 06, 2019
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Zhou Zhantao signed equity transfer agreement to acquire 5.7% stake in Guangdong Hongteo Technology Co., Ltd. (SZSE:300176) from Guangdong Shuobo Investment Development Co., Ltd. for approximately CNY 740 million on January 7, 2019. Zhou Zhantao will acquire 22 million shares at an offer per share of CNY 33.86. Payment will be done in 2 installments. First installment for 20% of the transactional price is payable within 1 month since delivery of underlying assets in the Shenzhen Stock Exchange and a second installment for 80% of the price is payable within 12 months since completion of delivery of underlying equity. At present Guangdong Shuobo Investment Development Co., Ltd. owns a 29.23% stake in Guangdong Hongteo Technology. After transfer, it will hold a 23.55% stake.
GuangDong PaiSheng Intelligent Technology Co., Ltd., formerly GuangDong HongTeo Technology Co., Ltd., is a China-based company mainly engaged in aluminum alloy die-casting business and financial technology information service business. The Company has two main businesses. The aluminum die casting business is mainly engaged in the research, development, production and sales of aluminum alloy precision die castings and assemblies, which are applied in middle and high grade automobile engines, gearboxes and chassis. The financial technology information services business mainly includes inclusive finance, consumer finance and artificial intelligence systems. The Company operates its businesses in both domestic and overseas markets.
Zhou Zhantao signed equity transfer agreement to acquire 5.7% stake in Guangdong Hongteo Technology Co., Ltd. from Guangdong Shuobo Investment Development Co., Ltd. for approximately CNY 740 million.
GUANGDONG PAISHENG INTELLIGENT TECHNOLOGY CO.,LTD 
