Ye Qing, Qian Jianying and Ye Peigen cancelled the acquisition of 35% stake in Suzhou Jingshi Electronic Technology Co., Ltd. from Jinlong Machinery & Electronic Co.,Ltd.
October 25, 2020
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Ye Qing, Qian Jianying and Ye Peigen agreed to acquire 35% stake in Suzhou Jingshi Electronic Technology Co., Ltd. from Jinlong Machinery & Electronic Co.,Ltd (SZSE:300032) for CNY 14 million on October 26, 2019. Upon receipt of the payment, Jinlong Machinery & Electronic Co.,Ltd will transfer 17.85% stake to Ye Qing, 1.4% stake to Qian Jianying and 15.75% stake to Ye Peigen. For the year ended December 31, 2018, Suzhou Jingshi Electronic Technology Co., Ltd. reported total assets of CNY 190 million, net assets of CNY 60.3 million, total revenues of CNY 169 million, operating loss of CNY 92.7 million and net loss of CNY 93.3 million. The transaction was approved in 4th directorate in 11the meeting of Jinlong Machinery & Electronic Co.,Ltd.
Ye Qing, Qian Jianying and Ye Peigen cancelled the acquisition of 35% stake in Suzhou Jingshi Electronic Technology Co., Ltd. from Jinlong Machinery & Electronic Co.,Ltd (SZSE:300032) on October 26, 2020.
Jinlong Machinery & Electronic Co.,Ltd is a China-based company principally engaged in the research, development, manufacture and distribution of micro motors and touch display module products. The Companyâs main products include solid micro motors, flat micro motor, liquid-crystal display (LCD) modules and cover glass, among others. The Company's micro motor products are mainly applied in mobile phones, consumer electronics and cosmetics. The Company distributes its products in domestic and to overseas markets.
Ye Qing, Qian Jianying and Ye Peigen cancelled the acquisition of 35% stake in Suzhou Jingshi Electronic Technology Co., Ltd. from Jinlong Machinery & Electronic Co.,Ltd.
JINLONG MACHINERY & ELECTRONIC CO.,LTD 