Jiangshan Oupai Door Industry Co., Ltd completed the acquisition of remaining 40% stake in Henan Hengda Oupai Door Industry Co., Ltd. from Henan Evergrande Home Furnishing Industrial Park Co., Ltd.
July 15, 2021
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Jiangshan Oupai Door Industry Co., Ltd (SHSE:603208) signed a basic agreement to acquire remaining 40% stake in Henan Hengda Oupai Door Industry Co., Ltd. from Henan Evergrande Home Furnishing Industrial Park Co., Ltd. for CNY 72.5 million on June 30, 2021. Henan Oupai Door Industry reported total assets of CNY 379.35 million and net assets of CNY 235.56 million as at March 31, 2021. Henan Oupai Door Industry reported operating income of CNY 326 million and net profit of 38.32 million for the year ended December 31, 2020. The transaction has been approved by Jiangshan Oupai Door Industry's Directors.
Jiangshan Oupai Door Industry Co., Ltd (SHSE:603208) completed the acquisition of remaining 40% stake in Henan Hengda Oupai Door Industry Co., Ltd. from Henan Evergrande Home Furnishing Industrial Park Co., Ltd. on July 16, 2021. Henan Hengda Oupai Door Industry Co., Ltd. is renamed to Henan Oupai Door Industry Co., Ltd.
Jiangshan Oupai Door Industry Co., Ltd is principally engaged in research and development, manufacture and sales of wooden doors. The Company's main products include plywood mold doors and wood composite doors. Its products are mainly applied in the fields of new and second-hand housing decoration. The Company distributes its products within the domestic market and to overseas market.
Jiangshan Oupai Door Industry Co., Ltd completed the acquisition of remaining 40% stake in Henan Hengda Oupai Door Industry Co., Ltd. from Henan Evergrande Home Furnishing Industrial Park Co., Ltd.