Chen Zewei completed the acquisition of 5.225% stake in Guangdong Guoli Sci & Tech Co., Ltd. from Dongguan Yonglu Industrial Investment Co., Ltd.
December 30, 2022
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Chen Zewei agreed to acquire 5.225% stake in Guangdong Guoli Sci & Tech Co., Ltd. (SZSE:300716) from Dongguan Yonglu Industrial Investment Co., Ltd. for CNY 78.5 million on November 9, 2022. The offer per share is CNY 9.81. The transfer of shares under this agreement still needs to be reviewed and confirmed by the Shenzhen Stock Exchange before it can go through the relevant procedures for share transfer and transfer registration at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. The payment arrangement for this transaction is that the buyer shall pay the transfer price of CNY 20 million to the account designated by the transferor within 10 working days after the signing of the agreement; After obtaining the confirmation opinion of the Shenzhen Stock Exchange for the transfer of the share agreement or no objection, the transfer price of CNY 25 million shall be paid to the designated account of the transferor within 5 working days after the completion of the transfer registration of the underlying shares. The transfer price of CNY 33,529,050 shall be paid to the account designated by the transferor within 30 days after the completion of the transfer registration of the target shares.
Chen Zewei completed the acquisition of 5.225% stake in Guangdong Guoli Sci & Tech Co., Ltd. (SZSE:300716) from Dongguan Yonglu Industrial Investment Co., Ltd. on December 1, 2022.
Guangdong Quanwei Technology Co Ltd, formerly Guangdong Guoli Science and Technology Co Ltd, is a company engaged in research and development, production and sales of polymer materials and polymer material products. The Companyâs main products are comprised of ethylene-vinyl acetate (EVA) copolymers, EVA environmentally friendly modified materials and related products, such as foamed ethylene-vinyl acetate copolymers, shoe materials and electronic accessory products; thermo plastic rubber (TPR) environmentally friendly modified materials and related products, such as TPR environmentally modified rubber pellets and shoe materials; modified engineering plastics, such as acrylonitrile-butadiene-styrene copolymer. The products are used in high-end sports and leisure shoe materials, sports equipment, electronic ancillary products and household appliances.