Wang Jiwen completed the acquisition of 10% stake in Houpu Clean Energy Co., Ltd. from Jiang Tao.
December 11, 2020
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Wang Jiwen signed the share transfer agreement to acquire 10% stake in Houpu Clean Energy Co., Ltd. (SZSE:300471) from Jiang Tao for approximately CNY 370 million On November 17, 2020. Under the terms, Wang Jiwen will acquire 36.472 million shares at CNY 10.01 per share. As per terms of the consideration, Wang Jiwen will pay CNY 124.2 million within 5 working days of obtaining the Shenzhen Stock Exchange's compliance confirmation letter and CNY 240.88 million will be paid within 30 working days from the date of completion of the transfer of the shares.In a related transaction, Beijing Xingkai Investment Co., Ltd. signed the share transfer agreement to acquire 10% stake in Houpu Clean Energy from Jiang Tao for approximately CNY 370 million On November 17, 2020. Post-completion, Wang Jiwen will hold 10% stake, Beijing Xingkai will hold 15.51% stake and Jiang Tao will hold 13.6% stake in Houpu Clean Energy Co., Ltd.
Wang Jiwen completed the acquisition of 10% stake in Houpu Clean Energy Co., Ltd. (SZSE:300471) from Jiang Tao on December 11, 2020.
Houpu Clean Energy Group Co Ltd, formerly Houpu Clean Energy Co Ltd, is a China-based company mainly engaged in the manufacture of cleaning equipment. The Company operates in five segments. Special Equipment Manufacturing segment is mainly engaged in the research and development, production and integration of natural gas and hydrogen energy fueling equipment. Engineering Design segment is mainly engaged in engineering contracting of natural gas and hydrogen energy related projects. Aviation Parts Manufacturing segment is mainly engaged in the production of parts and components in the aviation field. Marine Business segment mainly produces marine gas supply systems, heat exchangers and others. Natural Gas Sales Business segment mainly distributes natural gas.