Qingdao Jinshui Haite Investment Co., Ltd. agreed to acquire 8.4% stake in Sichuan Haite High-tech Co., Ltd. from Li Biao and LI ZAICHUN for CNY 1.2 billion.
December 15, 2020
Share
Qingdao Jinshui Haite Investment Co., Ltd. agreed to acquire 8.4% stake in Sichuan Haite High-tech Co., Ltd. (SZSE:002023) from Li Biao and LI ZAICHUN for CNY 1.2 billion on December 15, 2020. Qingdao Jinshui Haite Investment Co., Ltd. intends to acquire 63.5 million shares of the Sichuan Haite High-tech Co., Ltd. representing 8.3849% of the Sichuan Haite High-tech Co., Ltd. total share capital. As per terms of agreement Li Biao transferred 32.5 million shares, accounting for 4.2949% of the Sichuan Haite High-tech Co., Ltd. total share capital; Mr. LI ZAICHUN transferred 30,952,700 shares, accounting for 4.0900% of the Sichuan Haite High-tech Co., Ltd. total share capital. Qingdao Jinshui Haite Investment Co., Ltd. intends will pay CNY 19.33 per share. The total amount for the share transfer is CNY 1.2 billion of which the Qingdao Jinshui Haite Investment Co., Ltd should pay to Li Biao approximately CNY 630 million and to LI ZAICHUN should pay approximately CNY 600 million. Post completion, the Qingdao Jinshui Haite Investment Co., Ltd. will hold 63,456,100 shares of the Sichuan Haite High-tech Co., Ltd., accounting for 8.3849% of the company’s total share capital; Li Biao and LI ZAICHUN will hold 111,057,881 shares of the Sichuan Haite High-tech Co., Ltd., accounting for 14.6744% of the Sichuan Haite High-tech Co., Ltd. total share capital.
Sichuan Haite High-tech Co., Ltd. is a China-based company principally engaged in aviation related businesses. The Company operates through five segments. Aviation New Technology Development and Manufacture segment is engaged in the research and development of aircraft avionics, mechanical accessories, ground testing equipment and flight simulators. Microelectronics segment is engaged in the research, development and manufacture of semiconductor integrated circuit chips. Aviation Training segment is engaged in the provision of pilot training and flight attendant training and the development of flight simulators. Aviation Leasing segment is engaged in finance leasing business. Aviation Maintenance segment is engaged in the repair and maintenance of aircrafts and related components. The Company operates businesses in both domestic and overseas markets.
Qingdao Jinshui Haite Investment Co., Ltd. agreed to acquire 8.4% stake in Sichuan Haite High-tech Co., Ltd. from Li Biao and LI ZAICHUN for CNY 1.2 billion.
SICHUAN HAITE HIGH-TECH CO.,LTD. 
