Guangzhou Vanlead Investment Holding Co., Ltd. Cancelled the acquisition of 2.84% stake in Sunward Intelligent Equipment Co., Ltd. from Beijing Haihoutai Investment Management Center (Limited Partnership).
January 26, 2020
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Guangzhou Vanlead Investment Holding Co., Ltd. signed a stake transfer agreement to acquire 2.84% stake in Sunward Intelligent Equipment Co., Ltd. (SZSE:002097) from Beijing Haihoutai Investment Management Center (Limited Partnership) for approximately CNY 240 million on January 26, 2019. 30 million shares will be acquired as part of the deal. Unit transfer price is CNY 8 per share. In related transactions, Guangzhou Vanlead Investment Holding Co., Ltd. signed stake transfer agreements to acquire 6.2% stake, 4.3172% stake, 1% stake, 4.3172% stake, 1.53% stake and 0.23% stake in Sunward Intelligent Equipment Co., Ltd. (SZSE:002097) from He Qinghua, Golden Eagle Suitong Directional Add-issuance No. 391 Asset Management Plan managed by Golden Eagle Asset Management Co. Ltd., Chuangjin Hexin Huixiang Shanhe No. 1 Asset Management Plan managed by Truvalue Asset Management Co., Ltd., Goldstate Capital Yunqi No. 11 Asset Management Plan managed by Goldstate Capital Fund Management Co., Ltd., Chuangjin Hexin Huixiang Shanhe No. 1 Asset Management Plan managed by Truvalue Asset Management Co., Ltd. and Suzhou Industrial Park Luxin Chuangshi Venture Capital Enterprise (Limited Partnership). Competent state-owned authorities approved the deal.
Guangzhou Vanlead Investment Holding Co., Ltd. Cancelled the acquisition of 2.84% stake in Sunward Intelligent Equipment Co., Ltd. (SZSE:002097) from Beijing Haihoutai Investment Management Center (Limited Partnership) on January 26, 2020.
SUNWARD INTELLIGENT EQUIPMENT CO., LTD. is a China-based company, principally engaged in the construction machinery manufacturing business. The Company is also engaged in capital construction business and airline operations. The main products of the Company consist of piling machinery, mining machinery, drilling machinery and other equipments. The Company mainly operates its businesses within domestic and oversea markets.