Li Jie completed the acquisition of a 6.67% stake in Nanfang Ventilator Co., Ltd. from Yang Zijiang and Yang Zewen.
January 08, 2023
Share
Li Jie signed a share transfer agreement to acquire 6.67% stake in Nanfang Ventilator Co., Ltd. (SZSE:300004) from Yang Zijiang and Yang Zewen for approximately CNY 190 million on December 21, 2022. Li Jie plans to acquire 32 million shares of Nanfang Ventilator at CNY 6.09 per share, accounting for 6.67% of the company's total share capital. Li Jie agrees to pay the initial payment of CNY10 million for the share transfer within three working days after the signing of this agreement and agrees to pay the remaining CNY 184,880,000 of this share transfer to an account designated by Party A within seven trading days from the date of issuance of the confirmation document by the Shenzhen Stock Exchange. Post completion, Li Jie and Yang Zijiang will hold 6.67% and 4.33% stake in Nanfang Ventilator whereas Yang Zewen will hold no stake in company. Both parties agree that, from the date of signing this agreement to the official transfer of the above-mentioned target shares to the securities account of Party B, if Nanfang Ventilator implement ex-dividend matters such as cash dividends, the share transfer price will be deducted from the cash dividend amount corresponding to the target shares
Li Jie completed the acquisition of a 6.67% stake in Nanfang Ventilator Co., Ltd. (SZSE:300004) from Yang Zijiang and Yang Zewen on January 9, 2023.
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.