Hongyue Xingfeng No. 1 Private Securities Investment Fund managed by Zhejiang Hongyue Private Fund Management Co., Ltd. agreed to acquire a 5.99% stake in Suzhou Jin Hong Shun Auto Parts Co., Ltd. for approximately CNY 190 million.
September 29, 2022
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Changfeng Yunfan Selected No. 1 Private Securities Investment Fund managed by Changfeng Private Equity Fund Management (Hainan) Co., Ltd. signed agreement to acquire 5.99% stakes in Suzhou Jin Hong Shun Auto Parts Co., Ltd. (SHSE:603922) from Gold Crane Group Limited for CNY 150 million on August 5, 2022. Changfeng Yunfan Selected No. 1 Private Securities Investment Fund will acquire 7.6672 million shares at a price of 19.59 per shares.
Hongyue Xingfeng No. 1 Private Securities Investment Fund managed by Zhejiang Hongyue Private Fund Management Co., Ltd. agreed to acquire a 5.99% stake in Suzhou Jin Hong Shun Auto Parts Co., Ltd. (SHSE:603922) for approximately CLP 190 million on September 29, 2022. Under the terms, Changfeng Yunfan Selected No. 1 Private Securities Investment Fund will acquire 7.6672 million shares at a price of 24.17 per shares.
Suzhou Jinhongshun Auto Parts Co Ltd, formerly Suzhou Jin Hong Shun Auto Parts Co Ltd, is a China-based company mainly engaged in the production and sales of auto parts. The Company provides auto parts and solutions to original equipment manufacturers (OEMs). The Company operates through two segments. The Auto Parts segment is mainly engaged in the development, production and sales of stamped parts for auto body and chassis. The Mold segment is mainly engaged in the design, production and sales of related molds. The Company mainly conducts its businesses in domestic and overseas markets.
Hongyue Xingfeng No. 1 Private Securities Investment Fund managed by Zhejiang Hongyue Private Fund Management Co., Ltd. agreed to acquire a 5.99% stake in Suzhou Jin Hong Shun Auto Parts Co., Ltd. for approximately CNY 190 million.