Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 1 Fund managed by Zhongyuan Jinxiang Investment Management Co., Ltd. cancelled the acquisition of 5.86% stake in Henan Huanghe Whirlwind Co., Ltd. from Henan Huanghe Industry Group Co., Ltd.
August 25, 2020
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Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 1 Fund managed by Zhongyuan Jinxiang Investment Management Co., Ltd. signed a share transfer agreement to acquire 5.86% stake in Henan Huanghe Whirlwind Co., Ltd. (SHSE:600172) from Henan Huanghe Industry Group Co., Ltd. for approximately CNY 240 million on August 26, 2019. Henan Huanghe Industry Group Co., Ltd. will transfer 85 million shares at the price of CNY 2.87 per share. Post completion of the transaction, Henan Huanghe Industry Group Co., Ltd. will hold 18.07% stake in Henan Huanghe Whirlwind Co., Ltd.
Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 1 Fund managed by Zhongyuan Jinxiang Investment Management Co., Ltd. cancelled the acquisition of 5.86% stake in Henan Huanghe Whirlwind Co., Ltd. (SHSE:600172) from Henan Huanghe Industry Group Co., Ltd. on August 26, 2020.
HENAN HUANGHE WHIRLWIND CO., LTD. is a China-based company primarily engaged in the research and development, production and sales of superhard materials and products. The Company mainly operates through two business segments: the Superhard Materials and Products segment and the Industrial Intelligent segment. The Company's primary products include superhard materials, superhard material products, construction machineries, superhard cutting tools, superhard composite materials and metal powder. Its superhard materials are mainly used for the manufacturing of diamond grinding tools, diamond dressing tools, diamond drilling tools, diamond sawing tools, diamond superhard materials and other products.
Zhongyuan Jinxiang Henan Private Listed Company Development Support No. 1 Fund managed by Zhongyuan Jinxiang Investment Management Co., Ltd. cancelled the acquisition of 5.86% stake in Henan Huanghe Whirlwind Co., Ltd. from Henan Huanghe Industry Group Co., Ltd.
HENAN HUANGHE WHIRLWIND CO., LTD. 
