Guizhou Hongshan Investment Holding Co., Ltd. cancelled the acquisition of Guizhou Bijie Ruize New Building Material Co., Ltd. from Hainan RuiZe New Building Material Co.,Ltd.
January 14, 2021
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Guizhou Hongshan Investment Holding Co., Ltd. signed the share transfer agreement to acquire Guizhou Bijie Ruize New Building Material Co., Ltd. from Hainan RuiZe New Building Material Co.,Ltd (SZSE:002596) for CNY 31 million on January 15, 2020. The transaction has been approved by Hainan RuiZe’s 4th directorate in its 35th meeting. The matter does not need approval from Hainan RuiZe’s shareholders. As of October 31, 2019, Guizhou Bijie Ruize New Building reported total assets of CNY 34.02 million and net assets of CNY 30.64 million.
Guizhou Hongshan Investment Holding Co., Ltd. cancelled the acquisition of Guizhou Bijie Ruize New Building Material Co., Ltd. from Hainan RuiZe New Building Material Co.,Ltd (SZSE:002596) on January 15, 2021.
Hainan RuiZe New Building Material Co., Ltd. is a China-based company principally engaged in the production and sales of non-metallic mineral products. The Company mainly operates through four segments. The Commercial concrete segment is mainly engaged in the production and sales of various strength grades of ordinary concrete, marine concrete, ecological concrete, colored landscape concrete and decorative concrete. The Cement segment is mainly engaged in the production and sales of bulk PO42.5R cement. The Landscaping segment is mainly engaged in landscape design, landscape engineering construction, landscaping maintenance services and seedling planting and sales. The Municipal Sanitation segment is engaged in municipal solid waste cleaning, collection, transportation, disposal, recycling and utilization as well as urban afforestation management and maintenance. The Company mainly operates in the domestic market, with Hainan as the main market.
Guizhou Hongshan Investment Holding Co., Ltd. cancelled the acquisition of Guizhou Bijie Ruize New Building Material Co., Ltd. from Hainan RuiZe New Building Material Co.,Ltd.