Chen Zhe completed the acquisition of a 5% stake in Junhe Pumps Holding Co., Ltd from Ningbo Junhe Investment Holdings Co., Ltd.
October 11, 2022
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Chen Zhe signed the share transfer agreement to acquire 5.002402% stakes in Junhe Pumps Holding Co., Ltd (SHSE:603617) from Ningbo Junhe Investment Holdings Co., Ltd. for CNY 169.818 million on July 29, 2022. Under the terms, Chen Zhe will acquire 18.26 million shares at a price of CNY 9.30 per share. The first transfer price is CNY 50 million. The remaining transfer price should be paid within 6 months from the date of signing the agreement.
Chen Zhe completed the acquisition of a 5% stake in Junhe Pumps Holding Co., Ltd (SHSE:603617) from Ningbo Junhe Investment Holdings Co., Ltd. on October 11, 2022.
JUNHE PUMPS HOLDING CO., LTD is a China-based company principally engaged in the research, development, design, manufacture and sales of household water pumps and related accessories. The Company's main products include submersible pumps, garden pumps, fountain pumps and deep well pumps. The Companyâs products are used in household water supply and drainage, sewage treatment, garden and agricultural irrigation, home cleaning and landscaping. The Company distributes its products in the domestic market and to overseas markets.