Qianying Value Growth No. 7 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd., completed the acquisition of 5.09% stake in Wuxi DK Electronic Materials Co.,Ltd. from Shi Weili and Yan Jingmei.
December 29, 2023
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Qianying Value Growth No. 7 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd., agreed to acquire 5.09% stake in Wuxi DK Electronic Materials Co.,Ltd. (SZSE:300842) from Shi Weili and Yan Jingmei for approximately CNY 290 million on November 27, 2023. As of December 1, 2023, Qianying Value Growth No. 7 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd., signed a supplementary agreement to acquire Wuxi DK Electronic Materials Co.,Ltd. (SZSE:300842) from Shi Weili and Yan Jingmei on November 30, 2023. The payment schedule for the transaction. The buyer will pay CNY 60 million within 10 days of signing the agreement, followed by CNY 69 million after the transfer is complete. A further CNY 43 million will be paid within one month, and the remaining CNY 116.711 million will be paid within 12 months.
Qianying Value Growth No. 7 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd., completed the acquisition of 5.09% stake in Wuxi DK Electronic Materials Co.,Ltd. (SZSE:300842) from Shi Weili and Yan Jingmei on December 29, 2023.
Wuxi DK Electronic Materials Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of new electronic paste and other electronic materials. Its main product is silver paste for crystalline silicon solar cells. The Company also develops and promotes solar adhesive tile component conductive adhesives, packaging and assembly materials for semiconductors and display lighting. The Company distributes its products in domestic market and to overseas markets.
Qianying Value Growth No. 7 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd., completed the acquisition of 5.09% stake in Wuxi DK Electronic Materials Co.,Ltd. from Shi Weili and Yan Jingmei.