Leitu Kongtong Phase 6 Private Securities Investment Fund, managed by Shanghai Leitu Asset Management Co., Ltd. completed the acquisition of a 5% stake in Jiangsu Jingxue Insulation Technology Co.,Ltd. from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd..
December 09, 2022
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Leitu Kongtong Phase 6 Private Securities Investment Fund, managed by Shanghai Leitu Asset Management Co., Ltd. signed share transfer agreement to acquire a 5% stake in Jiangsu Jingxue Insulation Technology Co.,Ltd. (SZSE : 301010) from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. (SZSE:200530) for CNY 86.9 million on November 17, 2022. The consideration comprises of CNY 20 million to be paid within 3 working days from the agreement effective date and remaining CNY 66.94 million within 3 working days from the transfer completion date. Leitu Kongtong will pay CNY 16.10 per share for 5,400,000 Jiangsu Jingxue Insulation Technology' shares.
Leitu Kongtong Phase 6 Private Securities Investment Fund, managed by Shanghai Leitu Asset Management Co., Ltd. completed the acquisition of a 5% stake in Jiangsu Jingxue Insulation Technology Co.,Ltd. (SZSE:301010) from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. (SZSE:200530) on December 9, 2022. Post acquisition, Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. holds 13.91% stake and Shanghai Leitu Asset Management Co., Ltd. holds 5% stake in Jiangsu Jingxue Insulation
Jiangsu Jingxue Insulation Technology Co Ltd is a China-based company principally engaged in the research and development, design, production and sales of energy-saving and thermal insulation materials for cold storage enclosure systems. The Company's products include metal surface energy-saving thermal insulation sandwich panels and cold storage doors, industrial building doors, lifting platforms and other supporting products. The Company's products are mainly used in cold chain logistics, food processing, shopping mall, supermarket, hotel and aviation catering, biopharmaceutical, fine chemicals and precision electronics industries.