Beijing Huaqilin Technology Center (Limited Partnership) completed the acquisition of 15% stake in in Star UAV System Co., Ltd from Ligeance Aerospace Technology Co.,Ltd..
December 28, 2021
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Beijing Huaqilin Technology Center (Limited Partnership) agree to acquire 15% stake in in Star UAV System Co., Ltd from Ligeance Aerospace Technology Co.,Ltd. (SZSE:000697) for CNY 450 million on December 14, 2020. Post completion, Beijing Huaqilin Technology and Ligeance Aerospace will hold 15% each in Star UAV. As of September 30, 2020, Star UAV had total assets and net assets as CNY 162 million and CNY 153.6 million. For year ended December 31, 2019, Star UAV had revenue and net loss as CNY 0 million and CNY 7.1 million. This transaction was approved by Ligeance Aerospace Technology board and Star UAV's shareholders' meeting. This transaction was approved by Huaqilin's partners' meeting. Transaction still needs to be approved by the Ligeance Aerospace shareholders' meeting This asset transfer will be reviewed in the company's 3rd special shareholders' meeting for 2020 to be held on December 30, 2020.
Beijing Huaqilin Technology Center (Limited Partnership) completed the acquisition of 15% stake in in Star UAV System Co., Ltd from Ligeance Aerospace Technology Co.,Ltd. (SZSE:000697) on December 29, 2020.
Ligeance Aerospace Technology Co., Ltd., formerly Shaanxi Ligeance Mineral Resources Co., Ltd., is a China-based company principally engaged in the manufacture and processing of various kinds of aircraft-related precision components and structural parts. The Company's main products include aircraft wing leading edge surfaces, aircraft engine related components, aircraft take-off and landing equipment and aircraft oil pump covers. The Company's products are mainly used in wide-body/narrow-body commercial airliners, helicopters, engines, other aircrafts and industrial products. The Company is also engaged in mining and dressing of non-ferrous metals. Its mineral products include molybdenum concentrate. The Company distributes its products mainly to overseas markets.
Beijing Huaqilin Technology Center (Limited Partnership) completed the acquisition of 15% stake in in Star UAV System Co., Ltd from Ligeance Aerospace Technology Co.,Ltd..