Zheng Kuan, Senior Manager of Beijing Mainstreets Investment and Beijing Xingrun Hongcheng Investment Management Co., Ltd completed the acquisition of 14.82% stake in Beijing Mainstreets Investment Group Corporation from Beijing Zhongbei Energy Technology Co., Ltd.
January 18, 2014 at 09:30 am IST
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Zheng Kuan, Senior Manager of Beijing Mainstreets Investment and Beijing Xingrun Hongcheng Investment Management Co., Ltd signed an agreement to acquire 14.82% stake in Beijing Mainstreets Investment Group Corporation (SZSE:000609) from Beijing Zhongbei Energy Technology Co., Ltd. for approximately CNY 160 million in cash on January 15, 2014. Beijing Zhongbei Energy Technology Co., Ltd. will transfer 23.25 million shares amounting to 7.8% stake to Beijing Xingrun Hongcheng for CNY 83.24 million and Beijing Zhongbei Energy Technology Co., Ltd. will transfer 20.93 million shares amounting to 7.02% stake to Zheng Kuan for CNY 74.92 million. Within 10 days from the target asset delivery completion date, the one-time payment must be completed.
Zheng Kuan, Senior Manager of Beijing Mainstreets Investment and Beijing Xingrun Hongcheng Investment Management Co., Ltd completed the acquisition of 14.82% stake in Beijing Mainstreets Investment Group Corporation (SZSE:000609) from Beijing Zhongbei Energy Technology Co., Ltd. on January 18, 2014.
Beijing Zodi Investment Co., Ltd., formerly Beijing Soft Rock Investment Group Co., Ltd. is principally engaged in the development and operation of properties. The Company primarily operates first-phase development of land in southwestern China through its subsidiaries. The Company is also involved in the modern fast food chain business, operating fast food chains under the brand SEVENANA. The Company mainly operates its businesses in Beijing and Chengdu, Sichuan province, China.
Zheng Kuan, Senior Manager of Beijing Mainstreets Investment and Beijing Xingrun Hongcheng Investment Management Co., Ltd completed the acquisition of 14.82% stake in Beijing Mainstreets Investment Group Corporation from Beijing Zhongbei Energy Technology Co., Ltd.