Xuzhou Xinnuo New Energy Technology Co., Ltd. cancelled the acquisition of Shanghai Almaden New Energy Co., Ltd. from Changzhou Almaden Co., Ltd.
April 27, 2018
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Xuzhou Xinnuo New Energy Technology Co., Ltd. agreed to acquire Shanghai Almaden New Energy Co., Ltd. from Changzhou Almaden Co., Ltd. (SZSE:002623) for CNY 0.26 million on April 28, 2017. After the completion of the transaction, Changzhou Almaden Co., Ltd. will no longer hold any shares in Shanghai Almaden. During the financial year ended December 31, 2016, Shanghai Almaden New Energy Co., Ltd. reported total assets of CNY 4.62 million, net assets of CNY 255.71 million, operating revenue of CNY 0.35 million and net profit of CNY 255.71 million. The transaction was approved by the Board of Changzhou Almaden Co., Ltd. and does not require any shareholder meeting.
Xuzhou Xinnuo New Energy Technology Co., Ltd. cancelled the acquisition of Shanghai Almaden New Energy Co., Ltd. from Changzhou Almaden Co., Ltd. (SZSE:002623) on April 28, 2018.
CHANGZHOU ALMADEN CO.,LTD. is a China-based company principally engaged in the research and development of photovoltaic glass coating technology, as well as the production and sale of photovoltaic coated glass. The Company mainly operates through three segments. The Photovoltaic Glass Anti-glare segment is engaged in the production and sale of photovoltaic coated glass. The Slim Double-glass Component segment is engaged in the production and sale of double-glass components. The Photovoltaic Power Station segment is engaged in the construction of photovoltaic power stations. The Company distributes its products in domestic market and to overseas markets.
CHANGZHOU ALMADEN CO., LTD. 
