Yike Zhengrun Investment Group Co., Ltd. cancelled the acquisition of an additional 6.78% stake in Huaiji Dengyun Auto-parts Co.,Ltd. from a group of sellers.
February 19, 2020
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Yike Zhengrun Investment Group Co., Ltd. signed a share transfer agreement to acquire an additional 6.78% stake in Huaiji Dengyun Auto-parts (Holding) Co.,Ltd. (SZSE:002715) from a group of sellers for approximately CNY 110 million on February 20, 2019. Yike Zhengrun should pay the purchase price within 30 working days after the signing of the agreement. A total of 6.23 million shares will be acquired for CNY 17.75 per share. After the transaction, stake of Yike Zhengrun Investment in Huaiji Dengyun Auto-parts will increase from 14.84% to 21.63% stake while the stake of sellers will reduce from 24.7% to 17.92% stake.
Yike Zhengrun Investment Group Co., Ltd. cancelled the acquisition of an additional 6.78% stake in Huaiji Dengyun Auto-parts (Holding) Co.,Ltd. (SZSE:002715) from a group of sellers on February 20, 2020.
Huaiji Dengyun Auto-parts (Holding) Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of automotive engine intake and exhaust valve series products. The Company's main products include accessory product diesel engine valves, accessory product gasoline engine valves and maintenance market valves. The Company's products are mainly used in automobiles, motorcycles, agricultural machinery, construction machinery, ships, railway internal combustion engines, oil rigs and internal combustion engine generator sets. The Company distributes its products in domestic market and to overseas markets.
Yike Zhengrun Investment Group Co., Ltd. cancelled the acquisition of an additional 6.78% stake in Huaiji Dengyun Auto-parts Co.,Ltd. from a group of sellers.
HUAIJI DENGYUN AUTO-PARTS (HOLDING) CO.,LTD. 
