Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. agreed to acquire 16.7% stake in MDTP Optics Co., Ltd.
September 25, 2020
Share
Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. (SZSE:002456) agreed to acquire 16.7% stake in MDTP Optics Co., Ltd. from Daoming Optics&Chemical Co.,Ltd (SZSE:002632), Jiang Xumu, Li Shenghua and Yang Rongcheng for CNY 30 million on September 25, 2020. Daoming Optics&Chemical Co.,Ltd will transfer 2.78% stake for CNY 5 million and post completion will own 2.27% stake in MDTP. As of Dec 31, 2019 MDTP has total assets of CNY 67.1 million, net assets of CNY 52.7 million, revenue of CNY 16.6 million and net loss of CNY 1.1 million.
On September 25, 2020, the 2nd session of Daoming Optics&Chemical Co.,Ltd 9th directorate for 2020 approved the transaction.
DAOMING OPTICS&CHEMICAL CO.,LTD a China-based company principally engaged in the research, development, design and manufacture of various kinds of functional membrane materials, such as reflective materials and reflective products. The Company's main products include reflective film and reflective cloth in various specifications and of various levels, reflective products made of reflective film and reflective cloth, flexible lithium-ion battery packaging film and other functional membrane materials. The Company's products are mainly used for road traffic safety and personal safety protection. The Company distributes its products in domestic market and to overseas markets.
DAOMING OPTICS&CHEMICAL CO.,LTD 
