Xingji Times plans to acquire a 79.09% stake in Meizu Technology, and Li Shufu plans to deploy the mobile phone industry

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Pinwan, June 13th, according to Yicai, the State Administration for Market Regulation released the public announcement of the case of Hubei Xingji Times Technology Co., Ltd. acquiring the equity of Zhuhai Meizu Technology Co., Ltd. this afternoon. According to the public information, Xingji Times has signed an agreement with Meizu Technology and the shareholders involved in the transaction, and Xingji Times plans to acquire 79.09% of Zhuhai Meizu’s shares.

After the completion of this transaction, Huang Xiuzhang’s shareholding in Zhuhai Meizu will be reduced to 9.79%, and Taobao China will withdraw from the shareholding and control of Zhuhai Meizu. The acquirer, Xingji Times, will hold a 79.09% stake in Zhuhai Meizu and gain sole control over Zhuhai Meizu.

According to the information, Xingji Times was established in September 2021. Its shareholders include Geely Group (Ningbo) Co., Ltd., Ningbo Boma Enterprise Management Partnership (Limited Partnership), Haining Wanxin Technology Partnership (Limited Partnership), Wuhan Economic Kaixing Ji Investment Fund Partnership (Limited Partnership), and three natural person shareholders Shen Ziyu, Li Shufu and Su Jing. The suspected actual controller of Xingji Times is Li Shufu, with a shareholding ratio of 57.8452%.

图源:国家市场监督管理总局 Source: State Administration for Market Regulation 图源:经营者集中简易案件公示表 Source: Publicity Form for Simple Cases of Concentration of Business Operators
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