Dongguan Ruiteng Environmental Technology Co., Ltd. agreed to acquire 84.75% stake in Dongguan Guohong New Material Co., Ltd. from Guangdong Guoli Sci & Tech Co., Ltd. for CNY 66.13 million.
September 14, 2021
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Dongguan Ruiteng Environmental Technology Co., Ltd. agreed to acquire 84.75% stake in Dongguan Guohong New Material Co., Ltd. from Guangdong Guoli Sci & Tech Co., Ltd. (SZSE:300716) for CNY 66.13 million on September 15, 2021. As per terms of transaction, The Dongguan Ruiteng Environmental Technology Co., Ltd. agreed to pay a deposit of CNY 10 million before September 15, 2021, within 5 working days after the completion of the registration modification, the Dongguan Ruiteng Environmental Technology Co., Ltd. will pay CNY 10 million to the seller and within 30 days after the completion of the registration modification, will pay the remaining balance to the Guangdong Guoli Sci & Tech Co., Ltd. The transfer price of the creditor’s rights is CNY 19.13 million. Within 30 days after the completion of the registration modification, the buyer will make a one time payment of the transfer price for the creditor’s rights to the seller.
As of August 31, 2021, reported total assets of CNY 182.979109 million, Net assets of CNY 33.871537 million, Revenue is of CNY 0 million, operating profit of CNY -0.266266 million and Net profit of CNY -0.271080 million.
Guangdong Quanwei Technology Co Ltd, formerly Guangdong Guoli Science and Technology Co Ltd, is a company engaged in research and development, production and sales of polymer materials and polymer material products. The Companyâs main products are comprised of ethylene-vinyl acetate (EVA) copolymers, EVA environmentally friendly modified materials and related products, such as foamed ethylene-vinyl acetate copolymers, shoe materials and electronic accessory products; thermo plastic rubber (TPR) environmentally friendly modified materials and related products, such as TPR environmentally modified rubber pellets and shoe materials; modified engineering plastics, such as acrylonitrile-butadiene-styrene copolymer. The products are used in high-end sports and leisure shoe materials, sports equipment, electronic ancillary products and household appliances.
Dongguan Ruiteng Environmental Technology Co., Ltd. agreed to acquire 84.75% stake in Dongguan Guohong New Material Co., Ltd. from Guangdong Guoli Sci & Tech Co., Ltd. for CNY 66.13 million.