Nanjing Aolian AE&EA (300585.SZ) announced that the company has recently received a payment of RMB 5.52 million from Wuxi Hengyitong Machinery Co., Ltd. (hereinafter referred to as "HYT Company")...
Aolian AE&EA (300585.SZ) recently received RMB 12 million as the third phase of equity repurchase payment and RMB 1.43 million as the interest during extended payment period agreed by Wuxi Hengyitong Machinery Co., Ltd. ("HYT Company"). The company also received RMB 10.35 million as the final compensation payment and a notice of completion of industrial and commercial changes related to the 2.5% equity compensation from Wuxi Dajinye Technology Co., Ltd. ("Dajinye Company").
HYT Company has fulfilled the payment obligation for the third phase of equity repurchase as agreed in the contract, and the fourth phase of equity repurchase payment has not yet reached the planned repayment date. Dajinye Company has fulfilled all performance compensation obligations and still remains a company's holding subsidiary with the company holding 30% equity of Dajinye Company.
