Sichuan Golden Summit Joint-Stock Co., Ltd. completed the acquisition of Sichuan Chengjing Shengtian Construction Engineering Co., Ltd.
January 12, 2022
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Sichuan Golden Summit (group) Joint-Stock Co., Ltd. (SHSE:600678) reached an agreement to acquire 51% stake in Sichuan Chengjing Shengtian Construction Engineering Co., Ltd. from Ding Yuhai and Zhang Baowen for CNY 1 on December 27, 2021. As per the transaction, Ding Yuhai will sell 11% stake for CNY 0.22, and Zhang Baowen will sell 40% stake for CNY 0.78. After the transaction, Sichuan Golden Summit (group) Joint-Stock Co., Ltd. will hold 51% stake, Ding Yuhai will hold 40% stake and Zhang Baowen will hold 9% stake in Sichuan Chengjing Shengtian Construction Engineering Co., Ltd. As on September 30, 2021, Sichuan Chengjing Shengtian Construction Engineering Co., Ltd. generated total assets of CNY 0.04 million and net liabilities of CNY 0.01 million.
Sichuan Golden Summit (group) Joint-Stock Co., Ltd. (SHSE:600678) completed the acquisition of Sichuan Chengjing Shengtian Construction Engineering Co., Ltd on effective January 13, 2022. The board of directors of Sichuan Golden Summit (group) Joint-Stock Co., Ltd. approved the deal.
Sichuan Golden Summit Group Joint Stock Co Ltd is a China-based company mainly engaged in the mining, processing and product sales of non-metallic mineral. The Company is mainly engaged in three businesses. The limestone mining business is mainly engaged in the mining, processing and sales of limestone. The activated calcium oxide production business is mainly engaged in the production and processing of activated calcium oxide. The logistics and transportation business is mainly engaged in railway freight, network freight, loading and unloading and warehousing. The Company's products are mainly used in metallurgy, construction, industry, steel, chemical industry, sewage treatment and environmental protection industries. The Company mainly conducts its businesses in the domestic market.