Jinan Chanfa Rongsheng Equity Investment Co., Ltd. completed the acquisition of an additional 14.6% stake in Moso Power Supply Technology Co.,Ltd from Gu Yongde.
September 08, 2021
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Jinan Chanfa Rongsheng Equity Investment Co., Ltd. signed an agreement to acquire an additional 14.6% stake in Moso Power Supply Technology Co.,Ltd (SZSE:002660) from Gu Yongde for approximately CNY 500 million on August 10, 2021. As per the transaction, Jinan Chanfa Rongsheng Equity Investment Co., Ltd. will acquire additional 40.05 million shares. Post completion, Jinan Chanfa Rongsheng Equity Investment Co., Ltd. will hold 72.69 million shares representing 26.5% stake of Moso Power Supply Technology Co.,Ltd. On August 28, 2021, Jinan Chanfa Rongsheng Equity Investment Co., Ltd. received approval from Jinan Municipal State-owned Assets Supervision and Administration Commission.
Jinan Chanfa Rongsheng Equity Investment Co., Ltd. completed the acquisition of an additional 14.6% stake in Moso Power Supply Technology Co.,Ltd (SZSE:002660) from Gu Yongde on September 9, 2021.
Moso Power Supply Technology Co.,Ltd is a China-based company principally engaged in the research, development, manufacture and sale of computers, telecommunications and other electronic equipment. The Company's main products include Step & Servo Power Supply (SPS) switching power supplies, light emitting diode (LED) driver power supplies, circuit boards and inverters. Through its subsidiaries, the Company is also involved in the investment and construction of new energy photovoltaic power plants, as well as the operation of new energy vehicle charging business. The Company distributes its products in domestic market and to overseas market.
Jinan Chanfa Rongsheng Equity Investment Co., Ltd. completed the acquisition of an additional 14.6% stake in Moso Power Supply Technology Co.,Ltd from Gu Yongde.
MOSO POWER SUPPLY TECHNOLOGY CO.,LTD 
