Wang Nanbin signed a share transfer agreement to acquire 5% stake in Chongqing Sansheng Industrial Co.,Ltd. from Pan Xianwen for approximately CNY 140 million.
July 30, 2020
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Wang Nanbin signed a share transfer agreement to acquire 5% stake in Chongqing Sansheng Industrial Co.,Ltd. (SZSE:002742) from Pan Xianwen for approximately CNY 140 million on July 30, 2020. Under the terms of transaction, Wang Nanbin will acquire 21.6 million shares for CNY 6.381. Within 10 working days after Chongqing Sansheng Industrial Co.,Ltd. shares become registered under the name of Wang Nanbin, Wang Nanbin will pay Pan Xianwen the price of approximately CNY 140 million. Upon completion, Pan Xianwen will own 191.7 million shares accounting for 44.37% stake and Wang Nanbin will own 21.6 million shares accounting for 5% stake.
Chongqing Sansheng Industrial Co.,Ltd., formerly Chongqing Sansheng Industrial Co., Ltd.,is a China-based company principally engaged in the comprehensive utilization and product development of plaster resources and pharmaceutical business. The Company operates through two main segments. The Construction Materials and Chemical Industry segment is mainly involved in the manufacturing and sales of commercial concretes, water reducing agents, expanding agents and sulfuric acids. The Companyâs products are mainly applied in the construction, tunnels, bridges, seaports, roads, chemical fertilizers, chemical engineering, light manufacturing, textiles, steels and others. The Pharmaceutical Business segment is primarily involved in the production, research and development of raw material medicines, preparation products and intermediate products.
Wang Nanbin signed a share transfer agreement to acquire 5% stake in Chongqing Sansheng Industrial Co.,Ltd. from Pan Xianwen for approximately CNY 140 million.
CHONGQING SANSHENG INDUSTRIAL CO.,LTD. 