Chou Jianzhong signed an agreement to acquire 5.65% stake in Guangdong Failong Crystal Technology Co.,Ltd. from Xinjiang Huilun Equity Investment Partnership (Limited Partnership) for CNY 71.5 million.
January 07, 2019
Share
Chou Jianzhong signed an agreement to acquire 5.65% stake in Guangdong Failong Crystal Technology Co.,Ltd. (SZSE:300460) from Xinjiang Huilun Equity Investment Partnership (Limited Partnership) for CNY 71.5 million on January 2, 2019. The offer per share is CNY 7.53 and Chou Jianzhong shall acquire 9.5 million shares of Guangdong Failong Crystal Technology. As on January 7, 2019, Chou Jianzhong signed a complementary agreement to acquire 5.65% stake in Guangdong Failong Crystal Technology Co.,Ltd. from Xinjiang Huilun Equity Investment Partnership (Limited Partnership) for CNY 71.6 million. The new offer per share is CNY 7.54. As on January 9, 2019, Chou Jianzhong resigned the share transfer agreement to acquire 5.65% stake in Guangdong Failong Crystal Technology Co.,Ltd. from Xinjiang Huilun Equity Investment Partnership (Limited Partnership) for CNY 75.7 million. The offer per share is CNY 7.97. Upon completion, Xinjiang Huilun Equity Investment Partnership (Limited Partnership)'s stake in Guangdong Failong Crystal Technology Co.,Ltd. will decrease from 38.3% to 32.6%.
Guangdong Faith long Crystal Technology Co Ltd is a China-based company principally engaged in development, manufacture and sales of piezoelectric quartz crystal components products. The Company is mainly engaged in manufacture of piezoelectric quartz crystal resonators, including surface-mount device piezoelectric quartz crystal resonators and dual in-line package piezoelectric quartz crystal resonators. The Company's products are applied to areas of communication electronics, automobile electronics, consumer electronics, mobile Internet, industry control, home appliance, aerospace and others.
Chou Jianzhong signed an agreement to acquire 5.65% stake in Guangdong Failong Crystal Technology Co.,Ltd. from Xinjiang Huilun Equity Investment Partnership (Limited Partnership) for CNY 71.5 million.
GUANGDONG FAITH LONG CRYSTAL TECHNOLOGY CO.,LTD. 
