Shenzhen Shenneng Investment Co., Ltd. signed an agreement to acquire a 6.8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd from Shenzhen Datian Investment Co., Ltd., Shenzhen Kaixin Tongfu Investment Enterprise (Limited Partnership) and Shenzhen Kaixin Tongchuang Investment Enterprise (Limited Partnership) for approximately CNY 230 million.
April 05, 2021
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Shenzhen Shenneng Investment Co., Ltd. signed an agreement to acquire a 6.8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) from Shenzhen Datian Investment Co., Ltd., Shenzhen Kaixin Tongfu Investment Enterprise (Limited Partnership) and Shenzhen Kaixin Tongchuang Investment Enterprise (Limited Partnership) for approximately CNY 230 million on April 1, 2021. Under the term, Shenzhen Datian Investment Co., Ltd., Shenzhen Kaixin Tongfu Investment Enterprise (Limited Partnership) and Shenzhen Kaixin Tongchuang Investment Enterprise (Limited Partnership) will transfer 40.46 million, 10.92 million and 10.92 million shares of Hubei Guochuang Hi-tech Material representing 4.42%, 1.19% and 1.19% respectively. Shenzhen Shenneng Investment will pay CNY 3.744 per share of Hubei Guochuang Hi-tech Material. Post completion, Shenzhen Datian Investment Co., Ltd., Shenzhen Kaixin Tongfu Investment Enterprise (Limited Partnership) and Shenzhen Kaixin Tongchuang Investment Enterprise (Limited Partnership) will no longer hold any stake in Hubei Guochuang Hi-tech Material.
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 Shenneng Investment Co., Ltd. signed an agreement to acquire a 6.8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd from Shenzhen Datian Investment Co., Ltd., Shenzhen Kaixin Tongfu Investment Enterprise (Limited Partnership) and Shenzhen Kaixin Tongchuang Investment Enterprise (Limited Partnership) for approximately CNY 230 million.
HUBEI GUOCHUANG HI-TECH MATERIAL CO.,LTD 
