Changxing Haoqin Equity Investment Partnership (Limited Partnership) cancelled the acquisition of a 10.58% stake in Shanghai Ace Investment & Development Co., Ltd. from Jiangsu Ace Investment Group Co., Ltd.
December 29, 2022
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Changxing Haoqin Equity Investment Partnership (Limited Partnership) agreed to acquire a 10.58% stake in Shanghai Ace Investment & Development Co., Ltd. (SHSE:603329) from Jiangsu Ace Investment Group Co., Ltd. for approximately CNY 320 million on September 16, 2022. Under the terms, Changxing Haoqin Equity Investment Partnership (Limited Partnership) will acquire 16,800,000 shares of Shanghai Ace Investment at CNY 18.90 per share. Post acquisition, Jiangsu Ace Investment Group will hold 34.40% stake in Shanghai Ace Investment & Development Co., Ltd.
Changxing Haoqin Equity Investment Partnership (Limited Partnership) cancelled the acquisition of a 10.58% stake in Shanghai Ace Investment & Development Co., Ltd. (SHSE:603329) from Jiangsu Ace Investment Group Co., Ltd. on December 29, 2022.
SHANGHAI ACE INVESTMENT & DEVELOPMENT CO., LTD. is a China-based company which is mainly engaged in supply chain logistics and supply chain implementation of the trading business. The Company provides all aspects of supply chain logistics services, including port agents, customs clearance, bonded warehousing, loading and unloading, container operations, rail transport, road transport, water transport, warehousing and logistics management and other services. The Company provides service to phosphorous chemical industry, non-ferrous metals, coal industry and other industries. The Company also provides logistics-related customized services to large industrial customers.
Changxing Haoqin Equity Investment Partnership (Limited Partnership) cancelled the acquisition of a 10.58% stake in Shanghai Ace Investment & Development Co., Ltd. from Jiangsu Ace Investment Group Co., Ltd.
SHANGHAI ACE INVESTMENT&DEVELOPMENT CO.,LTD 
