Jingning Juxin Trading Co., Ltd. cancelled the acquisition of 16.4% stake in Zoje Resources Investment Co., Ltd. from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership).
August 17, 2021
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Jingning Juxin Trading Co., Ltd. signed the share transfer agreement to acquire 16.4% stake in Zoje Resources Investment Co., Ltd. from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership) for approximately CNY 560 million on January 31, 2019. As per the terms of transaction, Jingning Juxin Trading will acquire 112.9 million shares.
Jingning Juxin Trading Co., Ltd. cancelled the acquisition of 16.4% stake in Zoje Resources Investment Co., Ltd. from Ningbo Yuanxi Equity Investment Partnership (Limited Partnership) on August 17, 2021.
ZOJE RESOURCES INVESTMENT CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sale of middle- and high-grade industrial sewing machines and spare parts. The Companyâs main products include sewing machine heads, platens, household sewing equipment and industrial sewing equipment. The Companyâs industrial sewing equipment consist of lockstitch sewing machines, zigzag sewing machines, overlock sewing machines, interlock stitch sewing machines, special sewing machines, high-speed direct drive electronic bar tacking sewing machines, high-speed electronic button attaching sewing machines, buttonhole machines and embroidery machines, among others. The Company distributes its products within domestic market and to overseas markets.