Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. cancelled the acquisition of a 8.296% stake in AA Industrial Belting Co.,Ltd from Cai Ruimei.
April 26, 2023
Share
Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. signed share transfer agreement to acquire 8.296% stake in AA Industrial Belting (Shanghai) Co.,Ltd (SHSE:603580) from Cai Ruimei for approximately CNY 160 million on December 19, 2022. As per the transaction, Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. will acquire 10,841,250 shares at CNY 14.32 per share.
Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. cancelled the acquisition of a 8.296% stake in AA Industrial Belting (Shanghai) Co.,Ltd (SHSE:603580) from Cai Ruimei on April 26, 2023.
AA Industrial Belting (Shanghai) Co., Ltd. is a China-based company mainly engaged in the research, development, manufacture and distribution of light conveyor belts. The Companyâs products mainly consist of general high polymer materials light industrial belts, environment friendly high polymer materials precision industrial belts, aramid fiber industrial belts and others. The Companyâs products are used in aluminum processing, textile dyeing and finishing, food processing, logistics and transportation, agricultural products processing, entertainment and fitness, wood processing, electronic manufacturing, printing and packaging industries and other fields.
Yongxing Custom Value No. 1 Private Equity Securities Investment Fund, managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. cancelled the acquisition of a 8.296% stake in AA Industrial Belting Co.,Ltd from Cai Ruimei.