Guangdong Nanhai Holding Investment Co.,Ltd completed the acquisition of 13.13% stake in Nanfang Ventilator Co., Ltd. from Yang Zijiang, Yang Zewen and Qiu Yunlong.
April 31, 2022
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Guangdong Nanhai Holding Investment Co.,Ltd signed an agreement to acquire a 13.13% stake in Nanfang Ventilator Co., Ltd. (SZSE:300004) from Yang Zijiang, Yang Zewen and Qiu Yunlong for approximately CNY 370 million on December 31, 2021. As part of the transaction, Guangdong Nanhai will acquire 63 million shares at a price of 5.94 yuan per share. After completion, the controlling shareholder of Nanfang Ventilator will be changed to Guangdong Nanhai, and the actual controller will be changed to the State-owned Assets Supervision and Administration Bureau of Nanhai District, Foshan City. In February 2022, Nanfang Ventilator received the decision on no further review of the Anti-monopoly review from the State Administration for Market Regulation. State-owned Assets Supervision and Administration Commission of the Foshan Municipal People's Government and the Foshan State-owned Assets Supervision and Administration Commission approved the transaction.
Guangdong Nanhai Holding Investment Co.,Ltd completed the acquisition of 13.13% stake in Nanfang Ventilator Co., Ltd. (SZSE:300004) from Yang Zijiang, Yang Zewen and Qiu Yunlong on April 1, 2021
Nanfang Ventilator Co., Ltd. is a China-based company principally engaged in the design, development, manufacture and distribution of heating, ventilation and air conditioning (HVAC) systems and products. The Companyâs main products include HVAC system equipment, special materials and energy engineering fittings. The Company's products are mainly used in nuclear power, coal chemical industry, emerging chemical industry, industrial and civilian construction, subway and tunnels, among others. The Company distributes its products in domestic market and to overseas market.
Guangdong Nanhai Holding Investment Co.,Ltd completed the acquisition of 13.13% stake in Nanfang Ventilator Co., Ltd. from Yang Zijiang, Yang Zewen and Qiu Yunlong.