Suzhou Henghao Investment Co., Ltd. cancelled the acquisition of 24.3% stake in New Sea Union Technology Group Co.,Ltd. from Ma Lingzhi and Zhang Yibin.
May 13, 2021
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Suzhou Henghao Investment Co., Ltd. agreed to acquire a 24.3% stake in New Sea Union Technology Group Co.,Ltd. (SZSE:002089) from Ma Lingzhi and Zhang Yibin for approximately CNY 780 million on September 11, 2020. As part of the transaction, Suzhou Henghao Investment Co., Ltd. will acquire 226 million share for 16.44% stake from Ma Lingzhi and 108,559,546 shares for 7.89% stake from Zhang Yibin in New Sea Union Technology Group Co.,Ltd. Suzhou Henghao Investment Co., Ltd. accepts the transferred shares held by Ma Lingzhi and Zhang Yibin by way of debt. Post completion Ma Lingzhi hold 299,842 shares for 0.02% stake and Zhang Yibin hold 139,536,560 shares for 10.17% stake in New Sea Union Technology Group Co.,Ltd.
Suzhou Henghao Investment Co., Ltd. cancelled the acquisition of 24.3% stake in New Sea Union Technology Group Co.,Ltd. (SZSE:002089) from Ma Lingzhi and Zhang Yibin on May 14, 2021.
New Sea Union Technology Group Co Ltd, formerly Suzhou New Sea Union Telecom Technology Co., LTD., is a China-based company, principally engaged in the research and development, manufacture and distribution of communication equipment and related software, and light-emitting diode (LED) products. The Company mainly provides new energy electric logistics vehicles and supporting power batteries, LED products, communications hardware products and software services/products. Its products include private network communication products, communication network products and lightningproof products. The Company mainly conducts its businesses in Jiangsu Province, China.
Suzhou Henghao Investment Co., Ltd. cancelled the acquisition of 24.3% stake in New Sea Union Technology Group Co.,Ltd. from Ma Lingzhi and Zhang Yibin.
NEW SEA UNION TECHNOLOGY GROUP CO.,LTD. 
