Lu Lijun completed the acquisition of 8.14% stake in Jiangsu Canlon Building Materials Co., Ltd. from Kailun Holding Investment Co., Ltd
June 26, 2023
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Lu Lijun singed a Share Transfer Agreement to acquire an additional 8.14% stake in Jiangsu Canlon Building Materials Co., Ltd. (SZSE:300715) from Kailun Holding Investment Co., Ltd. for approximately CNY 450 million on June 7, 2023. Under the terms, Lu Lijun will acquire 30,792,000 shares at a price of CNY 14.5 per share. Post completion, Lu Lijun's stake will increase to 8.4% and Kailun Holding's stake decreases to 36.33% in Jiangsu Canlon.
Lu Lijun completed the acquisition of 8.14% stake in Jiangsu Canlon Building Materials Co., Ltd. (SZSE:300715) from Kailun Holding Investment Co., Ltd. on June 27, 2023.
Jiangsu Canlon Building Materials Co Ltd is a company mainly engaged in research and development, production and sales of building waterproof materials. The Company's products include polymer coils, asphalt-based coils, polyurethane coatings, polymer cement coatings and so on, which are used in a range of public facilities and infrastructure construction projects, including high-speed railways, subways, tunnels and airports. The Company also provides waterproofing construction services. The Company sells its products to both domestic and international markets, including Pakistan, Thailand, Britain, Norway, Singapore, Australia and Egypt.
JIANGSU CANLON BUILDING MATERIALS CO., LTD. 
