Shenzhen Maoyuan Import and Export Co., Ltd. completed the acquisition of 7.8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd from Lhasa Yunfang Chuangfu Investment Management Co., Ltd. and Shenzhen Datian Investment Co., Ltd.
February 04, 2021
Share
Shenzhen Maoyuan Import and Export Co., Ltd. signed an agreement to acquire 7.8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) from Lhasa Yunfang Chuangfu Investment Management Co., Ltd. and Shenzhen Datian Investment Co., Ltd. for approximately CNY 240 million on January 28, 2021. As per the transaction, Shenzhen Maoyuan Import and Export Co., Ltd. will acquire 71.79 million shares at CNY 3.32 per share. Within 5 trading days from the agreement effective date, Shenzhen Maoyuan Import and Export Co., Ltd. will pay Shenzhen Datian Investment Co., Ltd. and Lhasa Yunfang Chuangfu Investment Management Co., Ltd. the first payment of CNY 2 million and CNY 18 million respectively. Within 10 trading days from the completion date, Shenzhen Maoyuan Import and Export Co., Ltd. will pay Shenzhen Datian Investment Co., Ltd. and Lhasa Yunfang Chuangfu Investment Management Co., Ltd. CNY 19.79 million and CNY 198.58 million respectively. Post completion, Shenzhen Datian Investment Co., Ltd. will hold 4.4159% stake while Lhasa Yunfang Chuangfu Investment Management Co., Ltd. will hold no stake in Hubei Guochuang Hi-tech Material Co.,Ltd.
Shenzhen Maoyuan Import and Export Co., Ltd. completed the acquisition of 7.8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) from Lhasa Yunfang Chuangfu Investment Management Co., Ltd. and Shenzhen Datian Investment Co., Ltd. on February 5, 2021.
Hubei Guochuang Hi-tech Material Co Ltd is a China-based company principally engaged in the research, development, manufacture and sales of pavement modified asphalt series products. The Company operates through two main segments. The Asphalt Business segment is mainly engaged in the research, development, manufacture and sales of pavement modified asphalt series products. The Companyâs main products include modified asphalt, heavy traffic asphalt and emulsified asphalt. The Real Estate Agency Services segment is mainly involved in the provision of real estate agency services centered on online to offline (O2O) model.
Shenzhen Maoyuan Import and Export Co., Ltd. completed the acquisition of 7.8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd from Lhasa Yunfang Chuangfu Investment Management Co., Ltd. and Shenzhen Datian Investment Co., Ltd.
HUBEI GUOCHUANG HI-TECH MATERIAL CO.,LTD 
