Australia Shunchang Jiangsu green Wei made money in 600 million 40% equity

Australia Shunchang yesterday evening announcement, the company in April 11, 2016 in Jiangsu city of Zhangjiagang province and the green Wei Co. Ltd. ("Hongkong green Wei"), Suzhou Yi Peng source equity investment partnership (limited partnership) ("Suzhou Yi Peng source"), Jiangsu Green Energy Limited ("Li Wei Wei Jiangsu green") signed "equity transfer and capital increase agreement", the company intends to acquire Jiangsu green original shareholders in Jiangsu Wei Wei green 40% stake (corresponding to US $12 million), which, in cash 400 million yuan acquisition of Hongkong held by the Jiangsu green green Wei Wei 26.67% equity (capital corresponding to $8 million in cash and 200 million yuan); the acquisition of Suzhou Yi Yuan Peng source held 13.33% stake in Jiangsu Wei (green contribution corresponding to 4 million dollars). At the time of the acquisition, the company 200 million yuan in cash to Jiangsu green Wei unilateral capital increase, of which $4 million included in the registered capital of Jiangsu Wei Wei, the balance included in the capital reserve. The above acquisitions and capital after the completion of the Jiangsu green Wei registered capital of $34 million, Australia Shunchang, Hongkong green, Suzhou Wei Yi Peng source respectively hold 47.06%, 35.29%, Wei Jiangsu green 17.65% stake, Jiangsu green Wei became a subsidiary of the company.

According to the announcement, Hongkong green Wei shareholders (the sole shareholder), the actual controller, director Chen Kai Australia Shunchang director and general manager; at the same time as the Jiangsu Kai Chen Wei, director of green. General partner of the counterparty Suzhou Yi Peng source Suzhou McIntyre Shun equity investment management partnership (limited partnership), and Suzhou McIntyre Shun equity investment management partnership (limited partnership) chief financial officer Lin Wenhua served as the general partner of Australia Shunchang director, deputy general manager, Secretary of the board of directors; at the same time, Lin Wenhua served as Jiangsu green the great directors, namely this transaction constitutes a connected transaction.

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