Jiangsu Huaxicun Co.,Ltd. completed the acquisition of 25% stake in Jiangyin Huaxi Chemical Wharf Co., Ltd. from Ching Wah International Ltd.
September 21, 2022
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Jiangsu Huaxicun Co.,Ltd. (SZSE:000936) agreed to acquire 25% stake in Jiangyin Huaxi Chemical Wharf Co., Ltd. from Ching Wah International Ltd. for CNY 250 million on April 25, 2022. Transaction was approved by Jiangsu Huaxicun's board of directors. As on December 31, 2022, Jiangyin Huaxi Chemical Wharf reported the Total assets of CNY 510,475,800, Net asset of CNY 482,060,500, Revenue of CNY 206,970,700, Operating profit of CNY 133,331,900, and Net profit of CNY 99,766,100.
Jiangsu Huaxicun Co.,Ltd. (SZSE:000936) completed the acquisition of 25% stake in Jiangyin Huaxi Chemical Wharf Co., Ltd. from Ching Wah International Ltd. recently.
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.