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Jiade Limited's December 2024 Report: Major Acquisitions in Safety Technology Sector

$JDZG
Form 6-K
Filed on: 2024-12-27
Source
Jiade Limited's December 2024 Report: Major Acquisitions in Safety Technology Sector

Here are the key insights extracted from the financial report:

  1. Report Type: This is a Form 6-K, which indicates it is a report filed by a foreign private issuer.
  2. Company Information:
  • Name: Jiade Limited
  • Headquarters: Unit 2-02, Puningdun Business Plaza, No. 1702 and 1706 Minjiang Road, Jinjiang District, Chengdu City, Sichuan Province, People's Republic of China, 610000.
  • Commission File Number: 001-42098
  1. Date of Report: The report is for the month of December 2024.
  2. Acquisition Agreements:
  • On December 24, 2024, Jiade Zhigao Technology Co., Ltd., a subsidiary of Jiade Limited, entered into two significant equity transfer agreements:
    • Kunyuan Agreement:
    • Acquisition: 75% of Sichuan Kunyuan Safety Technology Services Co., Ltd.
    • Seller: Chengdu Meirusi Technology Co., Ltd.
    • Consideration: RMB 9,000,000 (approximately $1,234,000).
    • Jiazhi Agreement:
    • Acquisition: 100% of Sichuan Jiazhi Taizhang Safety Technology Co., Ltd.
    • Seller: Chengdu Meirusi Technology Co., Ltd.
    • Consideration: RMB 23,000,000 (approximately $3,153,000).
  1. Board Approval: Both agreements were approved by the board of directors of Jiade Limited on December 23, 2024.
  2. Exhibits: The full text of the agreements is provided in the exhibits (Exhibit 10.1 and Exhibit 10.2) of the Form 6-K.
  3. Signatory: The report is signed by Yuan Li, the Chief Executive Officer of Jiade Limited, on December 27, 2024.

This report highlights Jiade Limited's expansion strategy through acquisitions in the safety technology sector in China, indicating potential growth opportunities for the company.