Jinan Tiesheng No.3 Investment Partnership (Limited Partnership) completed the acquisition of 5% stake in JINHUI LIQUOR Co.,Ltd. from Shanghai Yuyuan Tourist Mart Co., Ltd..
September 31, 2023
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Jinan Tiesheng No.3 Investment Partnership (Limited Partnership) entered into an agreement to acquire 5% stake in JINHUI LIQUOR Co.,Ltd. (SHSE:603919) from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) for CNY 598.8 million on July 24, 2023. Board of Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. approved the transaction. As of August 21, 2023, the payment for the transaction is paid in three installments first 40% upfront CNY 239.53 million within 2 days of meeting equity transfer terms. Second 30% after shares transfer CNY 179.65 million within 2 days. Final 30% CNY 179.65 million within 1 day after full rights fee.
Jinan Tiesheng No.3 Investment Partnership (Limited Partnership) completed the acquisition of 5% stake in JINHUI LIQUOR Co.,Ltd. (SHSE:603919) from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655) on September 1, 2023.
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.
Jinan Tiesheng No.3 Investment Partnership (Limited Partnership) completed the acquisition of 5% stake in JINHUI LIQUOR Co.,Ltd. from Shanghai Yuyuan Tourist Mart Co., Ltd..