Ningbo Lingnan Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 6.5% stake in Taikong Intelligent Construction Co., Ltd. from Fan Li and Fan Zhi
June 08, 2020
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Ningbo Lingnan Enterprise Management Partnership Enterprise (Limited Partnership) agreed to acquire 6.5% stake in Taikong Intelligent Construction Co., Ltd. (SZSE:300344) from Fan Li and Fan Zhi for approximately CNY 180 million on May 10, 2020. Ningbo Lingnan Enterprise Management Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 6.5% stake in Taikong Intelligent Construction Co., Ltd. (SZSE:300344) from Fan Li and Fan Zhi for approximately CNY 180 million on May 11, 2020. Under the terms, 32.2 million shares will be acquired at a price of CNY 5.58 per share. As a part of the transaction, 19.7 million shares accounting for 3.97% stake will be acquired from Fan Li and 12.5 million shares accounting for 2.53% stake will be acquired from Fan Zi. The transaction has been approved by the partners of Ningbo Lingnan Enterprise on May 10, 2020. Taikong Intelligent Construction Co. received a notice from Mr. Fan Li and Mr. Fan Zhi, learned that the transfer registration procedures for the share transfer were already completed and transfer date is June 8, 2020
Ningbo Lingnan Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 6.5% stake in Taikong Intelligent Construction Co., Ltd. (SZSE:300344) from Fan Li and Fan Zhi on June 8, 2020. Received the securities transfer registration confirmation issued by China Securities Depository and Clearing Co., Ltd on June 9, 2020.
Cubic Digital Technology Co Ltd, formerly Taikong Intelligent Construction Co Ltd, is a China-based company mainly engaged in software sales. The Company distributes its software through distributors or direct sales. Its software sold by the Company includes Autodesk software in the engineering and construction industry, as well as Autodesk software in other industries. The Company is also engaged in the provision of course training and related services. The Company mainly conducts its business in domestic market.
Ningbo Lingnan Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 6.5% stake in Taikong Intelligent Construction Co., Ltd. from Fan Li and Fan Zhi