Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 2 Fund, managed by Zhongyuan Jinxiang Investment Management Co., Ltd. completed the acquisition of 5.67% stake in Henan Senyuan Electric Co., Ltd. from Henan Senyuan Group Co., Ltd. and Henan Long Yuan Investment Co., Ltd.
December 23, 2019
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Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 2 Fund, managed by Zhongyuan Jinxiang Investment Management Co., Ltd. agreed to acquire 5.67% stake in Henan Senyuan Electric Co., Ltd. (SZSE:002358) from Henan Senyuan Group Co., Ltd. and Henan Long Yuan Investment Co., Ltd. for approximately CNY 350 million on November 7, 2019. Zhongyuan Jinxiang Investment Management will purchase 31.69 million shares, representing 3.41% stake and 20.99 million shares, representing 2.26% stake in Henan Senyuan Electric for CNY 6.57 per share.
Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 2 Fund, managed by Zhongyuan Jinxiang Investment Management Co., Ltd. completed the acquisition of 5.67% stake in Henan Senyuan Electric Co., Ltd. (SZSE:002358) from Henan Senyuan Group Co., Ltd. and Henan Long Yuan Investment Co., Ltd. on December 23, 2019.
Henan Senyuan Electric Co., Ltd. is a China-based company, principally engaged in the development, manufacture and distribution of high- and low-voltage complete sets of electric devices and series components of high-voltage electric devices. The Company also provides high- and low-voltage switch components, power quality control equipment and new energy products. The Company's products are applied in State Grid, new energy, rail transportation, petrochemical, building materials, municipal, medical and health and metallurgical areas, among others. The Company distributes its products mainly within domestic markets.
Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 2 Fund, managed by Zhongyuan Jinxiang Investment Management Co., Ltd. completed the acquisition of 5.67% stake in Henan Senyuan Electric Co., Ltd. from Henan Senyuan Group Co., Ltd. and Henan Long Yuan Investment Co., Ltd.
HENAN SENYUAN ELECTRIC CO., LTD. 
