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Jinfu Technology: Plans to acquire 51% equity of Zhuohui Metal and Lianyi Thermal Energy for 714 million yuan
Jinfu Technology announced that the company plans to pay cash to acquire a 51% stake in Foshan Zhuohui Metal Products Co., Ltd. and a 51% stake in Foshan Lianyi Thermal Energy Technology Co., Ltd. The estimated transaction price will not exceed 714 million yuan, with the 51% stake in Zhuohui Metal expected to be no more than 510 million yuan, and the 51% stake in Lianyi Thermal Energy expected to be no more than 204 million yuan. The company’s controlling shareholder, Chen Jinpei, has signed an agreement with the founding shareholder of the target company, Mo Zhenlong, stipulating that Chen Jinpei will transfer 15.6 million shares, representing 6% of the total share capital, to Mo Zhenlong through an agreement transfer. This transfer is contingent upon the completion of the asset acquisition of the target company.