Hainan Yuzhu Enterprise Management Co., Ltd completed the acquisition of 8% stake in JINHUI LIQUOR Co.,Ltd.
October 14, 2020
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Hainan Yuzhu Enterprise Management Co., Ltd intends to acquire 8% stake in JINHUI LIQUOR Co.,Ltd. (SHSE:603919) for approximately CNY 720 million on September 7, 2020. Under the terms of the acquisition, Hainan Yuzhu Enterprise Management Co., Ltd. will acquire 40.58 million shares at CNY 17.62 per share. Hainan Yuzhu Enterprise Management Co., Ltd has deposited CNY 200 million as a payment guarantee in a bank account designated by the China Clearance. On September 7, 2020, the board of Hainan Yuzhu approved the transaction. The offer period shall commence from September 16, 2020 and will finish on October 15, 2020. Haitong Securities Co., Ltd. (SHSE:600837) acted as financial advisor Hainan Yuzhu Enterprise Management Co., Ltd. Deheng Shanghai Law Office acted as legal advisor to Hainan Yuzhu Enterprise Management Co., Ltd.
Hainan Yuzhu Enterprise Management Co., Ltd completed the acquisition of 8% stake in JINHUI LIQUOR Co.,Ltd. (SHSE:603919) on October 15, 2020
JINHUI LIQUOR Co., Ltd. is a China-based company engaged in the manufacture and sales of spirits. The Company's major product is Chinese strong aromatic spirits, including Jinhui and Longnanchun two brands, covering series, such as Jinhui Nianfen, Zhengnengliang, Rouhe Jinhui, Jinhui Xingji, Jianghuicang, Jinhui Yuanjiang, Jinhui Chenxiang and Longnanchun, among others.
JINHUI LIQUOR CO.,LTD. 
