Jiuzhou Group completed the acquisition of 29.42% stake in Guangdong Ellington Electronics Technology Co., Ltd. from Yidun Investment Co., Ltd.
November 23, 2021
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Jiuzhou Group signed Share Transfer Agreement to acquire 29.42% stake in Guangdong Ellington Electronics Technology Co., Ltd. (SHSE:603328) from Yidun Investment Co., Ltd. for CNY 2.6 billion on September 8, 2021. Consideration will be CNY 8.9 per share. Transaction is subject to approval by State Administration of Market Supervision and Administration Anti-Monopoly Bureau. The application for anti-monopoly review of concentration of undertakings was approved. State Administration for Market Regulation approved the transaction.
Jiuzhou Group completed the acquisition of 29.42% stake in Guangdong Ellington Electronics Technology Co., Ltd. (SHSE:603328) from Yidun Investment Co., Ltd. on November 23, 2021. After the completion of the share transfer and registration, Yitun Investment still holds 289,354,429 shares of Guangdong Ellington Electronics Technology Co.,Ltd, with a shareholding ratio of 28.98% and a voting ratio of 24.42% and China-Thailand Asset Management to hold 5.01% stake.
Guangdong Ellington Electronics Technology Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of printed circuit boards (PCBs). The Company's main products include double-sided, four-layered, six-layered, eight-layered and above PCBs. The Company's products are mainly used in communications equipment, consumer electronics, automotive electronics, computers and industrial control industries. The Company distributes its products in domestic and to overseas markets.