Zhang June completed the acquisition of 5.56% stake in Guangdong PAK Corporation Co., Ltd. from Zhang Yutao.
May 27, 2022
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Zhang Jun'e signed the agreement to acquire 5.56% stake in Guangdong PAK Corporation Co., Ltd. (SZSE:300625) from Zhang Yutao for approximately CNY 140 million on April 30, 2022. Within 2 months after the agreement is officially effective, Zhang Jun'e will make a one-time payment. As per the transaction, Zhang Jun'e will acquire 15.56 million shares at CNY 9.02 per share. Post completion, Zhang Yutao will hold 46.7 million shares representing 16.68% stake of Guangdong PAK Corporation Co., Ltd.
Zhang Jun'e completed the acquisition of 5.56% stake in Guangdong PAK Corporation Co., Ltd. (SZSE:300625) from Zhang Yutao on May 27, 2022.
Guangdong PAK Corporation Co Ltd is a company mainly engaged in research, development, production and sales of lighting fixtures. The Company's products include lighting fixtures and lighting controls, such as bulb lights, straight tube lights, downlights, fire emergency lights, switches, ventilating fans, bathroom heaters and sockets. The products are used in commercial lighting, office lighting, industrial lighting, home lighting and outdoor lighting.