Hangzhou Zhongyi Investment Management Co., Ltd and an unknown buyer entered into a share transaction contract to acquire Zhejiang ULIRvision Technology Co., LTD from Zhejiang Jindun Fans Co.,Ltd and Shaoxing Jindun Technology Co., Ltd. for approximately CNY 230 million.
April 26, 2021
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Hangzhou Zhongyi Investment Management Co., Ltd and an unknown buyer entered into a share transaction contract to acquire Zhejiang ULIRvision Technology Co., LTD (ULIRvision) from Zhejiang Jindun Fans Co.,Ltd (SZSE:300411) and Shaoxing Jindun Technology Co., Ltd. for approximately CNY 230 million on April 22, 2021. As reported, Hangzhou Zhongyi Investment Management Co. will acquire 51.72% stake in ULIRvision while the other buyer will acquire 48.28% stake. On April 23, 2021, the buyers have paid the first-phase transfer consideration as agreed in the contract. As of October 31, 2020, ULIRvision reported total assets of CNY 500.6 million and net assets of CNY 437.2 million.
ZHEJIANG JINDUN FANS CO., LTD. is a China-based company principally engaged in the research, development, production and sale of ventilation system equipment, such as fans, mufflers and air dampers. The Company's main products include subway products, tunnel products, nuclear power products, marine products, civil and industrial products and fan accessories. The Company distributes its products mainly in domestic market, with East China as its main market.
Hangzhou Zhongyi Investment Management Co., Ltd and an unknown buyer entered into a share transaction contract to acquire Zhejiang ULIRvision Technology Co., LTD from Zhejiang Jindun Fans Co.,Ltd and Shaoxing Jindun Technology Co., Ltd. for approximately CNY 230 million.