Jingdezhen Anpeng Automobile Industry Venture Capital Partnership Enterprise (Limited Partnership), BAIC Capital Co., Ltd. and Wu Peifang acquired 5.3% stake in Beijing Tianyishangjia New Material Corp., Ltd. from Beijing Zhongchuang Huiying Investment Management Center (Limited Partnership), Xinyu Hongxingcheng Investment Management Center (Limited Partnership), Li Wenjuan, Tong Zhen, Feng Xueli, and Ai Lun for approximately CNY 220 million.
August 02, 2017
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Jingdezhen Anpeng Automobile Industry Venture Capital Partnership Enterprise (Limited Partnership), BAIC Capital Co., Ltd. and Wu Peifang signed an agreement to acquire 5.3% stake in Beijing Tianyishangjia New Material Corp., Ltd. from Beijing Zhongchuang Huiying Investment Management Center (Limited Partnership), Xinyu Hongxingcheng Investment Management Center (Limited Partnership), Li Wenjuan, Tong Zhen, Feng Xueli, and Ai Lun for approximately CNY 220 million on June 2, 2017. As of December 31, 2016, Beijing Tianyishangjia New Material reported total assets of CNY 1.1 billion, total owner’s equity of CNY 994.1 million, revenue of CNY 471.5 million, operating profit of CNY 231.1 million, and net profit of CNY 196.97 million. The transaction was approved by the shareholders’ of Beijing Tianyishangjia New Material Corp., Ltd. on June 18, 2017.
Jingdezhen Anpeng Automobile Industry Venture Capital Partnership Enterprise (Limited Partnership), BAIC Capital Co., Ltd. and Wu Peifang completed the acquisition of 5.3% stake in Beijing Tianyishangjia New Material Corp., Ltd. from Beijing Zhongchuang Huiying Investment Management Center (Limited Partnership), Xinyu Hongxingcheng Investment Management Center (Limited Partnership), Li Wenjuan, Tong Zhen, Feng Xueli, and Ai Lun on June 19, 2017.
Beijing Tianyishangjia New Material Corp Ltd is a China-based company mainly engaged in the development, production and sales of powder metallurgical gates with high-speed rail dynamic group. The Company's main businesses include powder metallurgical gates and synthetic gate or brake mounted business, carbon-based composite business, resin carbon fiber composite product business and aviation large structural parts precision manufacturing business. Its products are mainly used in aerospace, wind power, ship, rail transit, photovoltaic, automobile, new energy, medical equipment and other fields. The Company mainly conducts its businesses in the domestic market.
Jingdezhen Anpeng Automobile Industry Venture Capital Partnership Enterprise (Limited Partnership), BAIC Capital Co., Ltd. and Wu Peifang acquired 5.3% stake in Beijing Tianyishangjia New Material Corp., Ltd. from Beijing Zhongchuang Huiying Investment Management Center (Limited Partnership), Xinyu Hongxingcheng Investment Management Center (Limited Partnership), Li Wenjuan, Tong Zhen, Feng Xueli, and Ai Lun for approximately CNY 220 million.
BEIJING TIANYISHANGJIA NEW MATERIAL CORP., LTD. 
