Zhanjinsi Feilipu agreed to acquire Almaden Europe GmbH from Changzhou Almaden Co., Ltd. for €0.03 million.
March 21, 2018
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Zhanjinsi Feilipu agreed to acquire Almaden Europe GmbH from Changzhou Almaden Co., Ltd. for €0.03 million on March 21, 2018. The consideration will be paid in cash. As of December 31, 2017, Almaden Europe had total assets of €1.097 million, net assets of €0.15 million, revenue of €1.88 million and net loss of €0.32 million. The transaction does not need approval from the Board of Directors of Changzhou Almaden nor the shareholders' meeting.
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. 
