Zhongji Jintou-Asset Win-Win No. 22 Private Equity Investment Fund managed by Beijing Zhongjijin Investment Management Co., Ltd signed an agreement to acquire 5.57% stake in Chengzhi Shareholding Co., Ltd. from Shenzhen Wanrong Holdings Co., Ltd. for CNY 1.1 billion.
August 18, 2021
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Zhongji Jintou-Asset Win-Win No. 22 Private Equity Investment Fund managed by Beijing Zhongjijin Investment Management Co., Ltd signed an agreement to acquire 5.57% stake in Chengzhi Shareholding Co., Ltd. (SZSE:000990) from Shenzhen Wanrong Holdings Co., Ltd. for CNY 1.1 billion on August 16, 2021. Under the terms of the agreement, Zhongjijin Investment will acquire 69.8 million shares in Chengzhi Shareholding at a price of CNY 15.75 per share. After this equity change is completed, Shenzhen Wanrong Holdings holds 0 shares of Chengzhi. The transaction is subject to the approval by the Shenzhen Stock Exchange.
CHENGZHI CO.,LTD. is a China-based company principally engaged in the production and distribution of chemical products. The Companyâs main products include synthetic gas, carbon monoxide, hydrogen, ethylene, butyl alcohol, Twisted Nematic (TN) liquid crystal display (LCD) material, super twisted nematic (STN) LCD material, thin film transistor (TFT) LCD material, indium tin oxide (ITO) conductive glass, display thinned glass, vacuum coated glass, mobile phone screen glass, modules in various specifications, touch screens, displays, laser remote sensing and monitoring equipment for automotive exhaust emission, D-ribose and L-glutamine, among others. The Company distributes its products in domestic market.
Zhongji Jintou-Asset Win-Win No. 22 Private Equity Investment Fund managed by Beijing Zhongjijin Investment Management Co., Ltd signed an agreement to acquire 5.57% stake in Chengzhi Shareholding Co., Ltd. from Shenzhen Wanrong Holdings Co., Ltd. for CNY 1.1 billion.
CHENGZHI CO., LTD. 
