Zhang June signed the agreement to acquire 5.56% stake in Guangdong PAK Corporation Co., Ltd. from Zhang Yutao for approximately CNY 140 million.
May 04, 2022
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Zhang Jun'e signed the agreement to acquire 5.56% stake in Guangdong PAK Corporation Co., Ltd. (SZSE:300625) from Zhang Yutao for approximately CNY 140 million on April 30, 2022. Within 2 months after the agreement is officially effective, Zhang Jun'e will make a one-time payment. As per the transaction, Zhang Jun'e will acquire 15.56 million shares at CNY 9.02 per share. Post completion, Zhang Yutao will hold 46.7 million shares representing 16.68% stake of Guangdong PAK Corporation Co., Ltd.
Guangdong PAK Corporation Co Ltd is a China-based company mainly engages in the research and development, production and sales of light-emitting diode (LED) lighting fixtures, lighting sources and lighting control products, and provides customers with comprehensive lighting solutions and related professional services. The Company's main products include two categories: LED lighting products and lighting control and other products. LED lighting products include light source products such as bulbs, straight tube lamps, soft light strips, downlights, spotlights, street lights, fire emergency lights, garden lights, as well as various lamps such as light panels and brackets. The Company's lighting products are used in residential, office buildings, hotels, subways, other buildings and outdoor landscape lighting. Lighting control and other products include switches, sockets, ventilators, bathroom heaters, coolers, low-voltage electrical appliances and others.
Zhang Jun’e signed the agreement to acquire 5.56% stake in Guangdong PAK Corporation Co., Ltd. from Zhang Yutao for approximately CNY 140 million.