Beiyou Intelligent Technology Co., Ltd. agreed to acquire 22.5% stake in Jilin Liyuan Precision Manufacturing Co., Ltd. for CNY 600 million.
January 24, 2021
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Zhishengda Asset Management Co., Ltd. and Chongqing Qinchuan Industrial Group Co. Ltd. signed agreement to acquire 22.5% stake in Jilin Liyuan Precision Manufacturing Co., Ltd. (SZSE:002501) on November 13, 2020. Beiyou Intelligent Technology (Shenzhen) Co., Ltd. agreed to acquire 22.5% stake in Jilin Liyuan Precision Manufacturing Co., Ltd. for CNY 600 million on December 13, 2020. As per the transaction, Beiyou Intelligent Technology (Shenzhen) Co., Ltd. will acquire 800 million shares. Intermediate People's Court of Liaoyuan City Jilin Province has approved the transaction on December 11, 2020.
Jilin Liyuan Precision Manufacturing Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and distribution of aluminum profiles and deep processed products. The Company primarily provides three categories of products, including industrial aluminum profiles, construction aluminum profiles, as well as aluminum profiles deep processed products. Its industrial aluminum profiles are mainly applied in rail vehicle industry, automotive industry, machinery manufacturing industry, power industry, petrochemical industry and precision electronic products industry. Its construction aluminum profiles include ordinary building materials, insulation series, as well as door and curtain wall series. It distributes its products within domestic market and to overseas markets.
JILIN LIYUAN PRECISION MANUFACTURING CO., LTD. 
