Jiangsu Huaxicun Co., Ltd., Yu Tong, Zhongshi Wangwei Information Technology Beijing Co., Ltd. and Zhuhai Dahengqin Building Materials Technology Development Co., Ltd. signed stake transfer agreement to acquire 8.77% stake in Zhuhai Yingmi Wealth Management Co., Ltd. from GF Xinde Investment Management Co., Ltd for CNY 35 million.
January 23, 2017
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Jiangsu Huaxicun Co., Ltd. (SZSE:000936), Yu Tong, Zhongshi Wangwei Information Technology Beijing Co., Ltd. and Zhuhai Dahengqin Building Materials Technology Development Co., Ltd. signed stake transfer agreement to acquire 8.77% stake in Zhuhai Yingmi Wealth Management Co., Ltd. from GF Xinde Investment Management Co., Ltd for CNY 35 million on January 23, 2017. Jiangsu Huaxicun and Yu Tong will acquire 2.68% stake for CNY 10.71 million and 0.1% stake for CNY 0.41 million respectively. In a related transaction, Jiangsu Huaxicun Co., Ltd., Yu Tong, Zhongshi Wangwei Information Technology Beijing Co., Ltd. and Zhuhai Dahengqin Building Materials Technology Development Co., Ltd. signed capital increase agreement to acquire 10% stake in Zhuhai Yingmi Wealth Management Co., Ltd. for CNY 50 million on January 23, 2017. On completion, Jiangsu Huaxicun, Yu Tong, Zhongshi Wangwei, Zhuhai Dahengqin and GF Xinde Investment will own 5.74%, 0.22%, 9.49%, 3.31% and 18.43% stake respectively. Jiangsu Huaxicun and Yu Tong intends to use own funds of CNY 26 million and CNY 1 million respectively for the acquisition of existing and new shares. The deal was approved by the Board of Directors of Jiangsu Huaxicun Co., Ltd.
JIANGSU HUAXICUN CO.,LTD. is a China-based company principally engaged in the research, development, production and sale of textile chemical fiber products. The Company operates through three business segments. Polyester Fiber segment mainly provides polyester staple fibers. Petrochemical Warehousing and Logistics segment mainly provides terminal loading and unloading, warehousing, barging transit and pipeline transportation services for liquid chemicals. Investment segment is mainly involved in merger and acquisition investment, venture capital, asset management and strategic investment. The Company operates its business in domestic market.
Jiangsu Huaxicun Co., Ltd., Yu Tong, Zhongshi Wangwei Information Technology Beijing Co., Ltd. and Zhuhai Dahengqin Building Materials Technology Development Co., Ltd. signed stake transfer agreement to acquire 8.77% stake in Zhuhai Yingmi Wealth Management Co., Ltd. from GF Xinde Investment Management Co., Ltd for CNY 35 million.