GEM Co., Ltd. signed the Property Rights Transaction Contract to acquire 16.38% stake in Henan Recycling Technology Industry Group Co., Ltd. from Henan Investment Group Co.,Ltd for CNY 400 million.
GEM Co., Ltd. (SZSE:002340) signed the Property Rights Transaction Contract to acquire 16.38% stake in Henan Recycling Technology Industry Group Co., Ltd. from Henan Investment Group Co.,Ltd for CNY 400 million on December 12, 2025. A cash consideration of CNY 400 million will be paid by GEM Co., Ltd. As part of consideration, CNY 400 million is paid towards common equity of Henan Recycling Technology Industry Group Co., Ltd.
As of September 30, 2025, Henan Recycling Technology Industry Group Co., Ltd. reported total assets of CNY 4.71 billion and total common equity of CNY 1.45 billion.
GEM Co., Ltd. specializes in the recycling services for non-ferrous metals and secondary materials. The group provides recovery, treatment and recycling services for used batteries, waste electrical and electronic equipment (computer equipment, televisions, mobile phones, etc.) and special solid waste (cars, scrap metal, etc.). The group's products consist mainly of nickel, tungsten cobalt, and thermoplastic composites.
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GEM Co., Ltd. signed the Property Rights Transaction Contract to acquire 16.38% stake in Henan Recycling Technology Industry Group Co., Ltd. from Henan Investment Group Co.,Ltd for CNY 400 million.