Guangdong Yizumi High Speed Packaging System Co., Ltd. completed the acquisition of Foshan Yizumi Precision Mold Co., Ltd. from Guangdong Yizumi Precision Machinery Co., Ltd., Foshan Shunde Yinuowei Injection Molding Technology Consultancy Co., Ltd. and Lei Rengui.
December 19, 2017
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Guangdong Yizumi High Speed Packaging System Co., Ltd. agreed to acquire Foshan Yizumi Precision Mold Co., Ltd. from Guangdong Yizumi Precision Machinery Co., Ltd. (SZSE:300415), Foshan Shunde Yinuowei Injection Molding Technology Consultancy Co., Ltd. and Lei Rengui on August 3, 2017. Post-merger and absorption, Guangdong Yizumi High Speed Packaging System Co., Ltd. will continue to exist while Foshan Shunde District Yiming Precision Mold Co., Ltd. will be dissolved. Foshan Shunde Yinuowei Injection Molding Technology Consultancy Co., Ltd. and Lei Rengui will hold 34% and 15% stake respectively in Guangdong Yizumi High Speed Packaging System Co., Ltd. Foshan Yizumi Precision Mold Co., Ltd. had total assets of CNY 15.2 million, net assets of CNY 3.6 million, revenue of CNY 4.8 million and net loss of CNY 1.4 million in 2016. The transaction does not need approval from Guangdong Yizumi Precision Machinery Co., Ltd.'s Board of Directors and shareholders and can be implemented after approval from the Director-General of Guangdong Yizumi Precision Machinery Co., Ltd. and shareholders of Guangdong Yizumi High Speed Packaging System Co., Ltd. and Foshan Shunde District Yiming Precision Mold Co., Ltd.
Guangdong Yizumi High Speed Packaging System Co., Ltd. completed the acquisition of Foshan Yizumi Precision Mold Co., Ltd. from Guangdong Yizumi Precision Machinery Co., Ltd. (SZSE:300415), Foshan Shunde Yinuowei Injection Molding Technology Consultancy Co., Ltd. and Lei Rengui on December 20, 2017.
Yizumi Holdings Co Ltd, formerly Guangdong Yizumi Precision Machinery Co Ltd, is a China-based company primarily engaged in the design, research, development, manufacture and sales of special machinery and equipment for molding use and the provision of related services. The Company's main products include injection molding machines, die-casting machines, rubber machines, high-speed packaging systems, molds and robotic automation systems, which are mainly used in household appliances, automobiles, medical devices and packaging. The Company mainly operates its businesses in the domestic and overseas markets.
YIZUMI HOLDINGS CO., LTD. 
