Guangxi Yuegui Guangye Holdings Co., Ltd. completed the acquisition of 60% stake in Dexin Mining Co., Ltd. from Guangxi Guangye Yuegui Investment Group Co., Ltd.
August 08, 2024
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Guangxi Yuegui Guangye Holdings Co., Ltd. (SZSE:000833) entered into equity transfer framework agreement to acquire 60% stake in Dexin (Qingyuan) Mining Co., Ltd. from Guangxi Guangye Yuegui Investment Group Co., Ltd. for CNY 230 million on April 15, 2024. Dexin (Qingyuan) reported total assets of CNY 352.9 million and net assets of CNY 90.4 million as of April 30, 2024. The transaction is conditional on approval form the shareholders of Guangxi Yuegui Guangye and signing of equity transfer matter by Dexin (Qingyuan). The transaction is approved by the Guangxi Yuegui Guangye Holdings Co., Ltd.'s general manager office meeting.
Guangxi Yuegui Guangye Holdings Co., Ltd. (SZSE:000833) completed the acquisition of 60% stake in Dexin (Qingyuan) Mining Co., Ltd. from Guangxi Guangye Yuegui Investment Group Co., Ltd. on August 9, 2024.
Guangxi Yuegui Guangye Holdings Co Ltd, formerly Guangxi Guitang Group Co Ltd, is a China-based company mainly engaged in the production and sales of sugar, paper, pulp, pyrite, sulfuric acid, iron ore powder, phosphate fertilizer and other products. The Company operates six segments. Machine-Made Sugar segment is mainly engaged in the production and sales of machine-made sugar (white sugar, brown sugar). Processing Trade Sugar segment is mainly engaged in the sales of processed trade sugar. Paper Industry segment is principally engaged in the production and sales of pulp and machine-made paper (specialty paper). Mining Industry segment is mainly engaged in the mining, processing and sales of pyrite. Chemical Industry segment is mainly engaged in the production and sales of sulfuric acid, reagent acid (refined sulfuric acid), iron ore powder (pyrite cinder) and phosphate fertilizer (generally calcium phosphate). The Company also conducts business through Property Sales segment.
Guangxi Yuegui Guangye Holdings Co., Ltd. completed the acquisition of 60% stake in Dexin Mining Co., Ltd. from Guangxi Guangye Yuegui Investment Group Co., Ltd.