Shanghai Juding Asset Management Co., Ltd managed by Juding Xingxiu No. 10 Private Securities Investment Fund completed the acquisition of 2.29% stake in Willing New Energy Co., Ltd. from Shanghai Lingyi New Materials Co., Ltd.
April 10, 2024
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Shanghai Juding Asset Management Co., Ltd managed by Juding Xingxiu No. 10 Private Securities Investment Fund entered into an agreement to acquire 2.29% stake in Willing New Energy Co., Ltd. (SZSE:002667) from Shanghai Lingyi New Materials Co., Ltd. for CNY 29.9 million on February 29, 2024. The transfer of shares under this agreement is subject to compliance review by the Shenzhen Stock Exchange before it can be transferred to the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. The deal is expected to be completed by April 30, 2024.
Shanghai Juding Asset Management Co., Ltd managed by Juding Xingxiu No. 10 Private Securities Investment Fund completed the acquisition of 2.29% stake in Willing New Energy Co., Ltd. (SZSE:002667) from Shanghai Lingyi New Materials Co., Ltd. on April 10, 2024.
Willing New Energy Co Ltd, formerly Anshan Heavy Duty Mining Machinery Co Ltd, is a China-based company mainly engaged in lithium battery new energy business. The Company's main businesses include lithium ore beneficiation, basic lithium battery raw material lithium salt processing and smelting business, as well as construction machinery and equipment manufacturing business. The construction machinery manufacturing business is mainly engaged in the research and development, manufacturing, sales and service of mining, construction and road construction machinery and equipment. The Company's main products include lepidolite and lithium carbonate. The Company's products are ultimately used in new energy vehicles, energy storage fields, among others.
Shanghai Juding Asset Management Co., Ltd managed by Juding Xingxiu No. 10 Private Securities Investment Fund completed the acquisition of 2.29% stake in Willing New Energy Co., Ltd. from Shanghai Lingyi New Materials Co., Ltd.