Zhangjiagang Yuejin Industrial Investment Fund Partnership (Limited Partnership) signed Share Purchase Intention Agreement to acquire 52% stake in Aitewei (Zhangjiagang) Semiconductor Technology Co., Ltd. from Zhangjiagang Yuejin Industrial Investment Fund Partnership (Limited Partnership).
December 28, 2020
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Zhangjiagang Yuejin Industrial Investment Fund Partnership (Limited Partnership) signed Share Purchase Intention Agreement to acquire 52% stake in Aitewei (Zhangjiagang) Semiconductor Technology Co., Ltd. from Zhangjiagang Yuejin Industrial Investment Fund Partnership (Limited Partnership) on December 15, 2020. Zhangjiagang Yuejin Industrial Investment Fund Partnership (Limited Partnership) signed Conditional Purchase Agreement o acquire 52% stake in Aitewei (Zhangjiagang) Semiconductor Technology Co., Ltd. from Zhangjiagang Yuejin Industrial Investment Fund Partnership (Limited Partnership) on December 28, 2020. At the same time, the Shenzhen Minkave intends to raise supporting funds targeting no more than 35 specific investors in the form of non-public issuance of shares. As of December 28, 2020, Board of Directors of Shenzhen Minkave approved the transaction.
Shenzhen Minkave Technology Co., Ltd. is a China-based company principally engaged in lighting system engineering business. The Company is mainly engaged in lighting engineering design, lighting product development, production and sales, as well as energy performance contracting (EPC) business. The Company's main products include light-emitting diode (LED) display screens, solar energy photovoltaic systems, street lamps and lamp posts and LED and other lighting products, such as LED wall washer lights, LED spot lights, LED strips and LED tubes. The Company distributes its products in domestic market.