Chen Wei agreed to acquire 12% stake in Kehua Holdings Co., Ltd. from from Chen Hongmin, Chen Xiaoke and Jiangsu Kehua Investment Management Co., Ltd. for approximately CNY 300 million.
July 08, 2022
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Chen Wei agreed to acquire 12% stake in Kehua Holdings Co., Ltd. (SHSE:603161) from Chen Hongmin, Chen Xiaoke and Jiangsu Kehua Investment Management Co., Ltd. for approximately CNY 300 million on July 7, 2022. Chen Hongmin will transfer 12,186,850 shares, Chen Xiaoke 3,360,000 shares, and Jiangsu Kehua Investment Management Co., Ltd. 461,150 shares. Shenwan Hongyuan Securities Underwriting Sponsor Co., Ltd. acted as financial advisor to Kehua Holdings Co., Ltd.
Kehua Holdings Co., Ltd. is a China-based company principally involved in the research, development, manufacture and sales of key components products of turbochargers. The Companyâs main products include turbine shell and its fittings, intermediate shell and its fittings and other mechanical components. The Company distributes its products within domestic market and to overseas markets.
Chen Wei agreed to acquire 12% stake in Kehua Holdings Co., Ltd. from from Chen Hongmin, Chen Xiaoke and Jiangsu Kehua Investment Management Co., Ltd. for approximately CNY 300 million.
KEHUA HOLDINGS CO.,LTD 
