xinzhi motor co ltd-a (002664:Shenzhen)
Transactions by XINZHI MOTOR CO LTD-A (002664) in the last 6 months
Xinzhi Motor Co.,Ltd. (SZSE:002664) agreed to acquire 75.37% stake in Shanghai Hinyong Elec & Mach Co Ltd. for $3.6 million on August 29, 2014. Xinyong Electric will be a holding unit of Xinzhi Motor after the deal is closed. Xinzhi Motor will use its own fund to acquire the stake. The transaction was approved by the Board of Xinzhi Motor on August 29, 2014. The deal is not subject to shareholder approval.
Xinzhi Motor Co.,Ltd. (SZSE:002664) agreed to acquire 19.96% stake in Fukuta Electric & Machinery Co., Ltd. for approximately TWD 340 million on May 22, 2014. Under the terms of the deal, Xinzhi Motor will acquire 4.79 million shares of Fukuta Electric for TWD 72 per share. The remaining stake would be held by the Zhang Jinfeng family. In a related transaction, Xinzhi Motor entered into a strategic partnership with Fukuta whereby Xinzhi Motor agreed to inject capital ...
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