Jiangsu Yunyi Electric Co., Ltd. acquired Zhenjiang Xinyuan Chengda Sensing Technology Co., Ltd. from Xie Guangyuan, Yin Liangliang and Qiu Dianrong for CNY 21.03 million.
November 25, 2021
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Jiangsu Yunyi Electric Co., Ltd. (SZSE:300304) acquired Zhenjiang Xinyuan Chengda Sensing Technology Co., Ltd. from Xie Guangyuan, Yin Liangliang and Qiu Dianrong for CNY 21.03 million on November 26, 2021. As per terms, first payment consideration shall be paid within 15 days from the date of signing this agreement, 30% of the total equity transfer payment, which is 6.31 million, second installment within 15 days after December 31, 2022 of CNY 6.31 million and third installment from January 1, 2022 to December 31, 2024, if the net profit of reaches CNY 20 million, within 30 days, 40% of the total equity transfer payment shall be paid, which is 8.415 million. Jiangsu Yunyi Electric will acquire 32.895%, 5.2275% and 3.9525% from Xie Guangyuan, Yin Liangliang and Qiu Dianrong respectively. In a related transaction, Jiangsu Yunyi Electric Co., Ltd. (SZSE:300304) shall acquire additional 17.5% stake in Zhenjiang Xinyuan Chengda Sensing Technology Co., Ltd. from Yin Meiyan, Bai Yuemin, Xu Enmei, Feng Yugang on November 26, 2021.
Jiangsu Yunyi Electric Co., Ltd. (SZSE:300304) completed the acquisition of Zhenjiang Xinyuan Chengda Sensing Technology Co., Ltd. from Xie Guangyuan, Yin Liangliang and Qiu Dianrong on November 26, 2021.
Jiangsu Yunyi Electric Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of automotive intelligent core electronic products. The Company's main products include automotive intelligent power controllers, smart motors and control systems, new energy vehicle motors, control systems and other automotive energy core electronic products. Its automotive intelligent power controllers include car rectifiers, regulators and automotive high-power diodes. The Company distributes its products in domestic market and to overseas markets.