Jiangsu Dagang Co., Ltd. acquired 30% stake in Jiangsu Hanrui Jin Gang Financing Lease Co., Ltd. and Jiangsu Hanrui Financial Holding Financing Lease Co., Ltd. from Jiangsu Hanrui Investment Holdings Company Limited for CNY 1.3 billion.
July 09, 2020
Share
Jiangsu Dagang Co., Ltd. (SZSE:002077) agreed to acquire 30% stake in Jiangsu Hanrui Jin Gang Financing Lease Co., Ltd. and Jiangsu Hanrui Financial Holding Financing Lease Co., Ltd. from Jiangsu Hanrui Investment Holdings Company Limited for CNY 1.3 billion on June 22, 2020. On July 8, 2020, an agreement is signed. The consideration comprises cash of CNY 225.9 million and accounts receivable of CNY 1.1 billion. On July 22, 2020, the Board of Directors of Jiangsu Dagang Co., Ltd. and on July 8, 2020, the shareholders of Jiangsu Dagang Co., Ltd. approved the transaction.
Jiangsu Dagang Co., Ltd. (SZSE:002077) completed the acquisition of 30% stake in Jiangsu Hanrui Jin Gang Financing Lease Co., Ltd. and Jiangsu Hanrui Financial Holding Financing Lease Co., Ltd. from Jiangsu Hanrui Investment Holdings Company Limited on July 9, 2020.
JIANGSU DAGANG CO., LTD is a China-based company principally engaged in the development of industrial parks. The Company is also involved in the production and distribution of silicon chips and solar modules, engineering construction, the provision of engineering labor services, trading and logistics business, the operation and leasing of real estate, as well as the sale of concretes and aerated blocks. Through its subsidiaries, it also involves in the provision of warehousing services, property management services and parking lots management services, as well as production and supply of water for industrial use, among others. The Company operates its businesses mainly in domestic market.
JIANGSU DAGANG CO., LTD. 