Haoyun Asset No. 4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd., completed the acquisition of 2.75% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. from Zhu Fengxue
March 13, 2023
Share
Haoyun Asset No. 4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd., signed the share transfer agreement to acquire 2.75% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. (SHSE:603619) from Zhu Fengxue for approximately CNY 140 million on December 16, 2022. As per the transaction, Haoyun Asset No. 4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd. will acquire 11 million shares at CNY 13.02 per share. Zhu Fengxue will use the sale proceeds to repay its pledge financing debt in Shenwan Hongyuan.
Haoyun Asset No. 4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd., completed the acquisition of 2.75% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. (SHSE:603619) from Zhu Fengxue on March 13, 2023.
ZhongMan Petroleum And Natural Gas Group Corp., Ltd. is a China-based company principally engaged in the drilling engineering business. The Company is manly engaged in the design of engineering service solutions, the procurement, transportation, installation and commissioning of raw materials and equipment, the integrated drilling operations, as well as the integrated management of engineering projects. The Company is also involved in the research, development, design, and manufacture of rig equipment. The Company's main products include complete rig equipment and rig core components. The Company conducts its business in both domestic and overseas markets.
Haoyun Asset No. 4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd., completed the acquisition of 2.75% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. from Zhu Fengxue