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ENN (600803.SH) intends to acquire 100% of the equity of Gaobo Technology to acquire the relevant land and real estate under its name

author:Zhitong Finance

ENN (600803.SH) announced that ENN Energy Trading Co., Ltd. ("ENN Energy Trading"), a holding subsidiary of the Company, intends to purchase 100% of the equity of Langfang ENN Gaobo Technology Co., Ltd. ("GAOBO Technology" or "the Target Company") held by ENN Hi-Tech Industry Co., Ltd. ("HI-Tech"). On the basis of the appraisal value, the two parties negotiated to determine that the transaction price was 61.7684 million yuan.

The announcement shows that the counterparty to the transaction, Gaoke Industry, is an enterprise controlled by Wang Yusuo, the chairman of the company, and this transaction constitutes a related party transaction and does not constitute a major asset restructuring. The main assets of the target company are a land use right and its above-ground houses. The transaction is based on the Company's production and office needs.

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