Hunan Hualian China Industry Co., Ltd. completed the acquisition of 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo.
September 29, 2023
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Hunan Hualian China Industry Co., Ltd. (SZSE:001216) agreed to acquire 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo for CNY 30 million on April 15, 2023. Hunan Hualian China Industry Co., Ltd. (SZSE:001216) entered into a SPA to acquire 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo for CNY 30 million on May 22, 2023. The transaction has been approved by board of Hunan Hualian China Industry Co., Ltd. (SZSE:001216). As of march 31, 2023, Total Asses were of CNY 128 million and Net Assets were of CNY 80 million.
Hunan Hualian China Industry Co., Ltd. (SZSE:001216) completed the acquisition of 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo on September 30, 2023.
Hunan Hualian China Industry Co Ltd is a China-based company engaged in the research and development (R&D), design, production and sales of ceramic products. The Company's products mainly include daily-use ceramics and industrial ceramics. The Daily-use ceramics include colored glazed ceramics and underglaze colorful ceramics. Their main applications include tableware, tea sets, coffee sets, wine sets, toiletries, decorative parts, etc. The industrial ceramics include electric ceramics and new ceramic materials. Their main applications include power system support, wear-resistant parts for machinery, communication, aerospace, consumer electronics, chemical industry, military industry and other fields. The Company's products are exported to North America and Europe.
Hunan Hualian China Industry Co., Ltd. completed the acquisition of 20% stake in Guangdong Shan Mo New Materials Technology Co., Ltd. from He Xiaohong and Liu Dengguo.