Keda Industrial Group Co., Ltd. signed Acquisition of Assets Agreement to acquire remaining 51.55% stake in Guangdong Twyford International Holding Ltd from a group of shareholders for CNY 10.6 billion.
Keda Industrial Group Co., Ltd. (SHSE:600499) signed Acquisition of Assets Agreement to acquire remaining 51.55% stake in Guangdong Twyford International Holding Ltd from a group of shareholders for CNY 10.6 billion on January 28, 2026. A cash consideration of CNY 2.09 billion and issue shares of 498,195,55 by Keda Industrial Group Co., Ltd. Upon completion, Keda Industrial Group Co., Ltd. will own 100% stake in Guangdong Twyford International Holding Ltd.
For the period ending December 31, 2025, Guangdong Twyford International Holding Ltd reported EBIT of CNY 8.19 billion and net income of CNY 1.5 billion. As of December 31, 2025, Guangdong Twyford International Holding Ltd reported total assets of CNY 9.05 billion and total common equity of CNY 4.55 billion.
The transaction is subject to approval of offer by acquirer shareholders and approval by Shanghai Stock Exchange?s Approval, CSRC?s Approval and other Necessary Approvals.
Luo Xiaojun, Tang Anqi, Wang Yaqin, Chen Saide, Zhu Kaikai, Kang Xin, Wu Chenghao, Cui Hao, Lv Yingxia, Jing Wanfeng, Xing Chengdong, Lu Wenqian, Wang Yiwen, Chen Tong of Guotai Haitong Securities Co., Ltd. acted as financial advisor for Keda Industrial Group Co., Ltd. Zhang Li, Li Xianan, Ren Xingyu of Beijing Kang Da Law Firm acted as legal advisor for Keda Industrial Group Co., Ltd. Yao Haishi, Huang Jian, Yang Qing of RSM China acted as accountant for Keda Industrial Group Co., Ltd.
Keda Industrial Group Co Ltd is a China-based company principally engaged in the production and sales of building ceramic machinery and overseas building materials. The building materials machinery business mainly provides manufacturing equipment for the production of tiles for building ceramic manufacturers. The core products include building ceramic machinery such as ceramic presses, kilns, polishing equipment, and post-kiln intelligent complete lines. The main products of the overseas building materials business include building ceramics, sanitary ware and glass. The Company is also engaged in strategic investment and cultivation business, including lithium battery materials and equipment business, hydraulic pump motor business and smart energy business. The Company mainly conducts its businesses in the domestic market and overseas markets.
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Keda Industrial Group Co., Ltd. signed Acquisition of Assets Agreement to acquire remaining 51.55% stake in Guangdong Twyford International Holding Ltd from a group of shareholders for CNY 10.6 billion.
