Su Cheng and Wang Hai completed the acquisition of a 4.23% stake in Zoje Resources Investment Co., Ltd. from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership).
December 26, 2021
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Su Cheng and Wang Hai signed a share transfer agreement to acquire a 4.23% stake in Zoje Resources Investment Co., Ltd. (SZSE:002021) from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership) for CNY 60 million on December 15, 2021. Su Cheng will acquire 14.5 million shares representing 2.11% stake for CNY 26.39 million and Wang Hai will acquire 14.6 million shares representing 2.12% stake for CNY 26.572 million. Buyer will pay CNY 1.82 per share. Post transaction, Ningbo Yuanxi Equity Investment Partnership (Limited Partnership) will retain 42,523,997 shares representing 6.18% stake in Zoje Resources Investment Co., Ltd. This share transfer also needs to obtain the Shenzhen Stock Exchange's share agreement transfer confirmation document before it can go through the transfer procedures of the share agreement transfer at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. As of December 24, 2021, Wang Hai completed the acquisition of 2.12% stake in Zoje Resources Investment Co., Ltd. from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership).
Su Cheng and Wang Hai completed the acquisition of a 4.23% stake in Zoje Resources Investment Co., Ltd. (SZSE:002021) from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership) on December 27, 2021.
ZOJE RESOURCES INVESTMENT CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sale of middle- and high-grade industrial sewing machines and spare parts. The Companyâs main products include sewing machine heads, platens, household sewing equipment and industrial sewing equipment. The Companyâs industrial sewing equipment consist of lockstitch sewing machines, zigzag sewing machines, overlock sewing machines, interlock stitch sewing machines, special sewing machines, high-speed direct drive electronic bar tacking sewing machines, high-speed electronic button attaching sewing machines, buttonhole machines and embroidery machines, among others. The Company distributes its products within domestic market and to overseas markets.
Su Cheng and Wang Hai completed the acquisition of a 4.23% stake in Zoje Resources Investment Co., Ltd. from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership).
ZOJE RESOURCES INVESTMENT CO., LTD. 
