Henan Mingtai Al.Industrial Co., Ltd. completed the acquisition of Dongguan Pengyuan Plastic Co., Ltd. from Wesco China Limited.
April 26, 2017
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Henan Mingtai Al.Industrial Co., Ltd. (SHSE:601677) agreed to acquire Dongguan Pengyuan Plastic Co., Ltd. from Wesco China Limited for CNY 70 million on March 23, 2017. As of February 28, 2017, Dongguan Pengyuan Plastic Co., Ltd. had total assets is CNY 26.58 million and net assets of CNY 11.55 million. The transaction has been approved by the Board of Directors of Henan Mingtai Al.Industrial Co., Ltd. during the 14th session of the 4th directorate held on March 23, 2017.
Henan Mingtai Al.Industrial Co., Ltd. (SHSE:601677) completed the acquisition of Dongguan Pengyuan Plastic Co., Ltd. from Wesco China Limited on April 27, 2017.
Henan Mingtai Al Industrial Co Ltd is a China-based company mainly engaged in the aluminum sheet, strip and foil, aluminum profiles and comprehensive utilization of renewable resources. The Company's main products include soft pack battery aluminum foil, electronic foil, checkered plate, commercial vehicle lightweight material, food and drug packaging foil, rail car body profile, aluminum alloy rail car body, new energy battery tray, automotive profile, extruded aluminum for Ultra High Voltage (UHV) transmission equipment Gas Insulated Line (GIL) Pipes, rail vehicle interior parts and other products. The Company's products are mainly used in new energy, new materials, Fifth Generation (5G) communication, pharmaceutical packaging, food packaging, transportation, UHV power transmission, rail car body, military industry and many other fields. The Company distributes its products in domestic market and to overseas markets.
HENAN MINGTAI AL.INDUSTRIAL CO.,LTD. 
