Canature Health Technology Group Co., Ltd. signed a share transfer agreement to acquire an additional 55% stake in Zhejiang Runxin Electric Appliance Co.,Ltd. from Zou Guonan and Chen Xiaqing for CNY 66.1 million.
July 04, 2021
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Canature Health Technology Group Co., Ltd. (SZSE:300272) signed a share transfer agreement to acquire an additional 55% stake in Zhejiang Runxin Electric Appliance Co.,Ltd. from Zou Guonan and Chen Xiaqing for CNY 66.1 million on July 4, 2021. As a result of the transaction, Canature Health will increase its holdings from 40% to 95% stake in Zhejiang Runxin. Zou Guonan and Chen Xiaqing will transfer 48.91% and 6.09% for CNY 58.7 million and CNY 7.3 million, respectively, and will hold 3% and 2% after the transfer. As of March 31, 2021, Zhejiang Runxin Electric Appliance Co., Ltd. had total assets of CNY 154.1 million and net assets of CNY 19.8 million. The transaction has been approved in the 12th Meeting of Canature Health’s 5th Directorate held on July 5, 2021 and does not need the shareholders' approval.
Canature Health Technology Co Ltd is a China-based company mainly engaged in the manufacturing of water treatment products. The Company is committed to the research, development, manufacturing, sales and services of residential water treatment products and core components such as whole-house water purifiers, whole-house water softeners, commercial purified water dispensers, RO membrane reverse osmosis water purifiers, multi-way control valves, composite material pressure vessels, and membrane elements. The Company provides customized water solutions including residential water solutions, commercial water solutions, public facilities water solutions, industrial water and other special conditions. The Company sells its products domestically in China as well as in overseas markets including Europe, North America and other parts of Asia.
Canature Health Technology Group Co., Ltd. signed a share transfer agreement to acquire an additional 55% stake in Zhejiang Runxin Electric Appliance Co.,Ltd. from Zou Guonan and Chen Xiaqing for CNY 66.1 million.