CGN Nuclear Technology Development Co., Ltd. cancelled the termination of 79% stake in CGN Beigu Technology Co., Ltd from CGN Nuclear Technology Application Co., Ltd, Ji'an Yunketong Technology Partnership (Limited Partnership).
February 26, 2024
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CGN Nuclear Technology Development Co., Ltd. (SZSE:000881) agreed to acquire a 79% stake in CGN Beigu Technology Co., Ltd from CGN (Beijing) Nuclear Technology Application Co., Ltd, Ji'an Yunketong Technology Partnership (Limited Partnership) for approximately CNY 490 million on June 30, 2022. As of December 31, 2021, CGN Beigu Technology Co., Ltd reported total assets of CNY 716.5 million, EBIT of CNY 586.64 million, net income of CNY 39.89 million and total common equity of CNY 438.45 million. China Security Co., Ltd. and CSC Financial Co., Ltd. (SEHK:6066) acted as financial advisor to CGN Nuclear Technology Development Co., Ltd. Dacheng Law Offices acted as legal advisor to CGN Nuclear Technology Development Co., Ltd. ShineWing Certified Public Accountants Co., Ltd. acted as an accountant to CGN Nuclear Technology Development Co., Ltd.
CGN Nuclear Technology Development Co., Ltd. (SZSE:000881) cancelled the termination of 79% stake in CGN Beigu Technology Co., Ltd from CGN (Beijing) Nuclear Technology Application Co., Ltd, Ji'an Yunketong Technology Partnership (Limited Partnership) on February 27, 2024.
CGN Nuclear Technology Development Co., Ltd., formerly Dalian International Cooperation (Group) Holdings Ltd, is a China-based company principally engaged in the manufacture electron accelerators, the provision of electron beam irradiation processing services and the supply of modified polymer materials. The Company also involved in ocean freight transportation, real estate development, International project contracting, deep-sea fishery and import and export trading businesses. The Company's main products include modified polymer materials, modified engineering plastics and electron accelerators, among others. The Company operates its businesses in domestic markets and to overseas markets.
CGN NUCLEAR TECHNOLOGY DEVELOPMENT CO., LTD. 
