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Jingfeng Mingyuan: Xiang Weijun Si and a total of 50 trading counterparts issue 40.3524 million shares to purchase 100% equity of Yichong Technology.
Jingfeng Mingyuan announces that it will issue 40.35M shares to 50 trading counterparties including Wei Jun Si to acquire 100% equity of Yichong Technology, at an issuance price of 50.39 yuan per share.
The total transaction amount is 40.35M yuan, including a cash consideration of 3.28B yuan and share consideration of 1.25B yuan.
After this transaction is completed, Yichong Technology will become a wholly owned subsidiary of Jingfeng Mingyuan.