The total price exceeds 367 million yuan: Lingyi Zhizao acquires 100% equity of Zhuhai Flextronics

Lingyi Zhizao announced that the company intends to acquire Flextronics Industrial Zhuhai (Mauritius) Co. through its wholly-owned subsidiary Shenzhen Lingyi Technology Development Co., Ltd. , Ltd. It holds 100% equity of Flextronics Industry (Zhuhai) Co., Ltd. (hereinafter referred to as “Zhuhai Flextronics”). Through this equity acquisition, the company will own Zhuhai Flextronics’ land and plant and other assets. The total consideration for this transaction is equivalent to the sum of RMB 367,623,200 plus the cash balance of Zhuhai Flextronics (RMB 16,960,900 as of November 30, 2020) at the time of delivery.

US$398 million! Wanye leads the acquisition of Compart Systems, the world’s leading provider of gas delivery system solutions

Wanye Enterprise announced that the company led a domestic and foreign consortium to complete the wholly-owned acquisition of Compart Systems Pte. Ltd. (hereinafter referred to as “Compart Systems”). The benchmark price of this acquisition transaction is US$398 million, which is the largest cross-border M&A transaction of Chinese-funded enterprises in this field in recent years. After the completion of the delivery, Wanye Enterprise became the largest shareholder, owning 33.31% equity of Compart Systems. Wanye Enterprise stated that the company will take advantage of this transaction to seize the historical opportunity of industrial development, extend the layout of the high-end equipment industry chain through independent research and development and epitaxial mergers and acquisitions, and increase the depth and breadth of the integrated circuit equipment industry. Deepen the company’s strategic transformation.

Genesis: The National Manufacturing Fund invested 500 million yuan in a subsidiary

Genesis held the 14th meeting of the 5th board of directors and the 14th meeting of the 5th board of supervisors, and jointly reviewed and approved the “Proposal on the National Manufacturing Transformation and Upgrading Fund’s Proposed Investing in Shenzhen Genesis and the Company’s Waiver of Priority Subscription Rights”, Shenzhen Genesis Machinery Co., Ltd., a holding subsidiary of the company, plans to introduce the equity investment of the National Manufacturing Transformation and Upgrading Fund Co., Ltd. (hereinafter referred to as the “National Manufacturing Fund”), with an investment amount of 500 million yuan, which will be used for the main business operations of Shenzhen Genesis. After the capital increase is completed, the National Manufacturing Fund will hold 8.73% of Shenzhen Genesis.

BYD plans to subscribe for 50 million yuan of fund shares to invest in artificial intelligence and big data related software and hardware industry enterprises

BYD issued an announcement stating that it signed the “Guangdong Yifang Changda Equity Investment Partnership (Limited Partnership) Partnership Agreement” with Kelly Yifang, Meizhou Zichen, etc., and Guangdong Yifang Changda Equity Investment Partnership (fund) was formed as a partnership. The total size of the fund is 321 million yuan, and the investment scope is mainly in software and hardware industry enterprises related to artificial intelligence and big data. As the limited partner of Guangdong Yifang Changda Equity Investment Partnership, BYD subscribed for a capital contribution of 50 million yuan.