LONGi Green Energy Technology acquires stake in Center International Group for consideration of about 1.635 billion yuan

NBD AI Bulletin - LONGi Green Energy Technology Co Ltd (the Company, SH 601012, close price: 98.1 yuan) announced on March 4 that deliberated and approved by the third meeting of 2021 of the Company's fourth session of the Board of Directors, the Company on March 4, 2021 signed an agreement with Beijing Shixing Shengya Investment Co., Ltd., Chinayong Investment Group Co., Ltd., and Liu Aisen, according to which the Company plans to buy about 131 million shares in Center International Group Co., Ltd. and corresponding shareholders' equity from transferors in cash. The shares involved in the tranfer plan account for 27.25% of the target firm's total equity of about 480 million shares as at December 31, 2020.

Pursuant to the terms of the agreement, Beijing Shixing Shengya Investment Co., Ltd. plans to transfer about 48 million shares of its holdings in the target company, Chinayong Investment Group Co., Ltd. intends to transfer about 48 million shares, and Liu Aisen plans to transfer about 34.8 million shares to the transferee. The transfer price is set at 12.5 yuan per share, and the total consideration is about 1.635 billion yuan.

The 2019 annual report shows that LONGi Green Energy Technology's main business is the new energy industry, accounting for 100.0% of revenue.

LONGi Green Energy Technology's chairman is Zhong Baoshen, male, 54 years old, Chinese nationality, bachelor's degree. LONGi Green Energy Technology's general manager is Li Zhenguo, male, 53 years old, master's degree.

Tips on "Stock Trends":

1. The number of shares held by northbound investors in the Company increased by 4.6661 million in the past 30 days, representing 0.13% of the Company's circulating shares.

2. There was no institutional research on the Company in the past 30 days. 

(By Lan Suying)

Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Please verify before use. Any action you take upon the information on this website is at your own risk.