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00951
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CHAOWEI POWER HOLDINGS LIMITED
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Profile
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Chairman
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Mr. Zhou Mingming
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Directors
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Zhou Mingming (Chairman & Executive Director)
Zhou Longrui (Executive Director)
Yang Yunfei (Executive Director)
Deng Xihong (Non-Executive Director)
Wang Jiqiang (Independent Non-Executive Director)
Ouyang Minggao (Independent Non-Executive Director)
Lee Conway Kong Wai (Independent Non-Executive Director)
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Secretary
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Ng Chi Kit
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Address
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Room 2204, 22/F, Fu Fai Commercial Centre, 27 Hillier Street, Hong Kong
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Tel
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Fax
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URL
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http://www.chaowei.com.hk
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Business nature
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The Group is engaed in the lead-acid motive battery manufacture in the electric bike market in China.
[IPO Information]
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Prospects
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As a leading player in the fragmented electric bike battery market in China, it intends to participate in the consolidation of such market by pursuing, on an opportunistic basis, the strategic acquisitions of motive battery manufacturers which can provide synergy with its operations, with a view to increasing our market share and its production capacity. It has entered into letters of intent with two lead-acid motive battery manufacturers located at Changxing county in Zhejiang province in relation to the establishment of joint ventures in that county, to be engaged in the production of lead-acid motive batteries. Pursuant to the letter of intent, it shall have the controlling interest in the joint ventures. The letters of intent are not legally binding on the parties and are subject to further negotiations and formally executed contracts.
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Major shareholder
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Mr. Zhou Mingming
(41.70%)
Castle Lead
(15.00%)
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Stock Information Provided by Infocast Limited
[
Disclaimer
]