Zaozhuang Xi'en Investment Partnership completed the acquisition of 5.04% stake in Ningbo Ligong Environment And Energy Technology Co.,Ltd from Ningbo Tianyi Century Investment Co., Ltd. and Li Xuehui.
July 28, 2020
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Zaozhuang Xi'en Investment Partnership signed a share transfer agreement to acquire 5.04% stake in Ningbo Ligong Environment And Energy Technology Co.,Ltd (SZSE:002322) from Ningbo Tianyi Century Investment Co., Ltd. and Li Xuehui for approximately CNY 230 million on July 3, 2020. Under the terms of the transaction, Zaozhuang Xi'en will acquire 20 million shares in total for CNY 11.35 per share. Zaozhuang Xi'en will pay approximately CNY 200 million to Tianyi Century and CNY 26.1 million to Lu Xuehui. Prior to the acquisition, Tianyi Century holds 31.93% stake in Ningbi Liging while Li Xuehui holds 2.75% stake. Upon completion, Zaozhuang will hold 5.04% stake while Tianyi Century will hold 27.47% stake and Lu Xuehui will hold 2.17% stake in Ningbi Ligong.
Zaozhuang Xi'en Investment Partnership completed the acquisition of 5.04% stake in Ningbo Ligong Environment And Energy Technology Co.,Ltd (SZSE:002322) from Ningbo Tianyi Century Investment Co., Ltd. and Li Xuehui on July 29, 2020.
Ningbo Ligong Environment And Energy Technology Co., Ltd is a China-based company principally involved in software and information and the provision of environmental protection, power monitoring and treatment solutions. The software and information business includes tool software development, customized software development and technical services, mainly used for power generation, power transmission and transformation, power distribution engineering, water quality monitoring, atmospheric monitoring and soil management. It also includes power grid engineering design and cost consulting services, as well as design, construction, installation and maintenance of intelligent engineering in the construction industry. The environmental protection, power monitoring and treatment solutions provide systems and software solutions for automatic online monitoring of water quality, automatic online monitoring of the atmosphere, soil management, and online monitoring of smart grids.
Zaozhuang Xi'en Investment Partnership completed the acquisition of 5.04% stake in Ningbo Ligong Environment And Energy Technology Co.,Ltd from Ningbo Tianyi Century Investment Co., Ltd. and Li Xuehui.