Jiangsu Jiuquan Yawei Fengying Intelligent Manufacturing Industry Fund (Limited Partnership), Jiangsu Yawei Machine Tool Co., Ltd. and Suzhou Yawei Xingming Venture Capital Partnership Enterprise (Limited Partnership), managed by Yanghzou Yawei Smart Manufacturing Investment Co., Ltd. agreed to acquire 9.09% stake in Suzhou Xince Electronics Co., Ltd. from KIM SUNG SIK for CNY 3 million.
February 18, 2021
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Jiangsu Jiuquan Yawei Fengying Intelligent Manufacturing Industry Fund (Limited Partnership), Jiangsu Yawei Machine Tool Co., Ltd. (SZSE:002559) and Suzhou Yawei Xingming Venture Capital Partnership Enterprise (Limited Partnership), managed by Yanghzou Yawei Smart Manufacturing Investment Co., Ltd. agreed to acquire 9.09% stake in Suzhou Xince Electronics Co., Ltd. from KIM SUNG SIK for CNY 3 million on February 10, 2021. Jiangsu Jiuquan Yawei Fengying Intelligent Manufacturing Industry Fund (Limited Partnership), Jiangsu Yawei Machine Tool Co., Ltd. (SZSE:002559) and Suzhou Yawei Xingming Venture Capital Partnership Enterprise (Limited Partnership), managed by Yanghzou Yawei Smart Manufacturing Investment Co., Ltd. also contributing 42 million in Suzhou Xince Electronics Co., Ltd. The Board of Directors of Jiangsu Yawei Machine Tool Co., Ltd. approved the transaction.
Jiangsu Yawei Machine Tool Co., Ltd. is a China-based company engaged in the research, development, manufacture and sale of computerized numerical control (CNC) sheet metal forming machine tools and automated production lines. The Company operates through three segments. The Metal Forming Machine segment is engaged in the research, development and manufacture of host products, including CNC turret punch, CNC shears and others, as well as automatic production lines, including sheet metal automated processing equipment and coil processing machines. The Laser Processing Equipment segment is involved in the research, development and manufacture of two-dimensional laser cutting machines, two-dimensional laser flexible cutting units, laser welding systems, automatic production lines and others. The Smart Manufacturing Solutions segment includes industrial robots, industrial management software, industrial Internet big data platforms and warehouse logistics automation systems.
Jiangsu Jiuquan Yawei Fengying Intelligent Manufacturing Industry Fund (Limited Partnership), Jiangsu Yawei Machine Tool Co., Ltd. and Suzhou Yawei Xingming Venture Capital Partnership Enterprise (Limited Partnership), managed by Yanghzou Yawei Smart Manufacturing Investment Co., Ltd. agreed to acquire 9.09% stake in Suzhou Xince Electronics Co., Ltd. from KIM SUNG SIK for CNY 3 million.
JIANGSU YAWEI MACHINE TOOL CO., LTD. 
