Certain A Shares of IKD Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-NOV-2020.
November 16, 2020
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Certain A Shares of IKD Co., Ltd. are subject to a Lock-Up Agreement Ending on 17-NOV-2020. These A Shares will be under lockup for 1104 days starting from 9-NOV-2017 to 17-NOV-2020.
Details:
The company’s shareholder Xudong International Limited, shareholders Daode Investment Management Co., Ltd., Hunan Tianxun Baizhi Investment Partnership Enterprise (Limited Partnership), and Ningbo Junrun Kesheng Equity Investment Partnership Enterprise (Limited Partnership) committed that to not transfer or entrust to a third party the company’s shares it holds directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company’s share listing date.
The company’s all other shareholders committed that to not transfer or entrust to a third party the company’s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company’s share listing date.
IKD Co Ltd is a China-based company principally engaged in the research, development, production and sale of automotive aluminum alloy precision die-casting parts. The Company's main products include automotive wiper systems, automotive power systems, automotive thermal management systems, automotive steering systems, automotive braking systems and other systems, new energy vehicle three-electric systems, automotive structural parts, automotive intelligent driving systems and other aluminum alloy precision die-casting parts that meet the needs of lightweight, electrified, and intelligent automobiles. The Company mainly operates its businesses in the domestic and overseas markets.