Zhongtai Asset Management completed the acquisition of a 5.28% stake in Qingdao TGOOD Electric Co., Ltd. from Qingdao Derui Investment Co., Ltd.
December 07, 2022
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Zhongtai Asset Management signed the share transfer agreement to acquire 5.28% stake in Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) from Qingdao Derui Investment Co., Ltd. for approximately CNY 900 million on November 24, 2022. As per the transaction, Zhongtai Asset Management will acquire 55 million shares of Qingdao TGOOD Electric Co., Ltd.
Zhongtai Asset Management completed the acquisition of a 5.28% stake in Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) from Qingdao Derui Investment Co., Ltd. on December 8, 2022. Post acquisition, Zhongtai Asset Management holds 5.28% stake and Qingdao Derui Investment Co., Ltd. holds 32.03% stake in Qingdao TGOOD Electric.
Qingdao TGOOD Electric Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sale of unit power transformation and distribution products. The Companyâs main products include outdoor box electrical power equipment and indoor switch cabinets. The Company's products are mainly applied in railway, electrical power and coal industries. The Company is also involved in photovoltaic power generation project Engineering Procurement Construction (EPC), the manufacture and sale of new energy vehicle charging and replacement equipment and related products, the construction and operation of new energy vehicle charging stations, finance leasing and solid heat storage businesses.
QINGDAO TGOOD ELECTRIC CO., LTD. 
