Yongxing Custom Value No. 1 Private Equity Securities Investment Fund managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. completed the acquisition of 5% stake in Changjiang Runfa Health Industry Co., Ltd. from Changjiang Runfa Group Co., Ltd.
July 18, 2023
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Yongxing Custom Value No. 1 Private Equity Securities Investment Fund managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. agreed to acquire 5% stake in Changjiang Runfa Health Industry Co., Ltd. (SZSE:002435) from Changjiang Runfa Group Co., Ltd. for approximately CNY310 million on June 29, 2023. Consents, approvals, confirmations, authorizations, orders, registrations, filings or qualifications made by the Exchange, third parties or government agencies necessary to complete this transaction have been properly obtained.
Yongxing Custom Value No. 1 Private Equity Securities Investment Fund managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. completed the acquisition of 5% stake in Changjiang Runfa Health Industry Co., Ltd. (SZSE:002435) from Changjiang Runfa Group Co., Ltd. on July 19, 2023.
ChangjiangRunfa Health Industry Co., Ltd., formerly ChangjiangRunfa Medicine Co., Ltd., is a China-based company mainly engaged in the production and sale of pharmaceutical raw materials and preparations. The Company is principally engaged in research and development, production and sales of pharmaceutical raw materials and preparations, proprietary Chinese medicines and providing medical services, medical investment and investment in health industry businesses. The Company is also engaged in the research, development, manufacture, sale and service of elevator guide rail system components. The Companyâs products include solid guide rails, rough guide rails, hollow guide rails, accessories and automotive sections, channel steel products, as well as escalator guide rails and others. The Company offers its elevator guide rail products for elevator manufacturers, including Mitsubishi, Otis, KONE and Thyssen. The Company distributes its products in domestic markets and to overseas markets.
Yongxing Custom Value No. 1 Private Equity Securities Investment Fund managed by Hunan Yongxing Private Equity Fund Management Co., Ltd. completed the acquisition of 5% stake in Changjiang Runfa Health Industry Co., Ltd. from Changjiang Runfa Group Co., Ltd.