Zhenjiang Qiuwei Business Service Co., Ltd. completed the acquisition of 6.3% stake in Jiangyin Electrical Alloy Co.,Ltd from Zhenjiang Jinkangsheng Enterprise Management Co., Ltd.
June 09, 2021
Share
Zhenjiang Qiuwei Business Service Co., Ltd. agreed to acquire 6.3% stake in Jiangyin Electrical Alloy Co.,Ltd (SZSE:300697) from Zhenjiang Jinkangsheng Enterprise Management Co., Ltd. for CNY 240 million on May 21, 2021. In the acquisition, Zhenjiang Qiuwei Business Service Co., Ltd. will acquire 20.8 million shares.
Zhenjiang Qiuwei Business Service Co., Ltd. completed the acquisition of 6.3% stake in Jiangyin Electrical Alloy Co.,Ltd (SZSE:300697) from Zhenjiang Jinkangsheng Enterprise Management Co., Ltd. on June 10, 2021. Post completion, Zhenjiang Jinkangsheng Enterprise Management Co., Ltd. will hold 29.99% stake, Zhenjiang Qiuwei Business Service Co., Ltd. will hold 6.26% stake and Chen Lijiao 31.25% stake in Jiangyin Electrical Alloy Co.,Ltd.
Jiangyin Electrical Alloy Co Ltd is a company mainly engaged in research, development, production and sales of copper and copper alloy products. The Company's products are comprised of electrified railway catenary series products and copper busbar series products. The electrified railway contact network products include railway contact lines and load-bearing cables, which are used in electrified railway areas, such as high-speed railways. The copper busbar series products include copper busbars and deep-processed copper parts, which are used in the fields of power generation, transmission and distribution.
Zhenjiang Qiuwei Business Service Co., Ltd. completed the acquisition of 6.3% stake in Jiangyin Electrical Alloy Co.,Ltd from Zhenjiang Jinkangsheng Enterprise Management Co., Ltd.
JIANGYIN ELECTRICAL ALLOY CO.,LTD 
