Guangxi Xinyixin Commercial Services Co., Ltd. cancelled the acquisition of 8% stake in Liaoning Cheng Da Co., Ltd. from Tehua Investment Holding Co., Ltd.
January 19, 2021
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Guangxi Xinyixin Commercial Services Co., Ltd. signed share transfer agreement to acquire 8% stake in Liaoning Cheng Da Co., Ltd. (SHSE:600739) from Tehua Investment Holding Co., Ltd. for CNY 2.1 billion on January 20, 2020. Guangxi Xinyixin Commercial Services Co., Ltd. will acquire 123.27 million shares of Liaoning Cheng Da Co., Ltd. at a price of CNY 17.45 per share.
Guangxi Xinyixin Commercial Services Co., Ltd. cancelled the acquisition of 8% stake in Liaoning Cheng Da Co., Ltd. (SHSE:600739) from Tehua Investment Holding Co., Ltd. on January 20, 2021.
Liaoning Chengda Co., Ltd. is a diversified group organized around six sectors of activity:
- retail distribution of clothes;
- consumer goods trading: chemical products, oils for food, textile products, electronic products, construction materials, health products, etc.;
- detention and operating of drugstores;
- development of vaccines;
- development of energetic projects: coalmines operating, production petrol, etc.;
- financial services.
Net sales are distributed geographically as follows: China (92.1%), Asia (4.9%), Americas (2.5%), Europe (0.2%), Africa (0.2%) and Oceania (0.1%).
Guangxi Xinyixin Commercial Services Co., Ltd. cancelled the acquisition of 8% stake in Liaoning Cheng Da Co., Ltd. from Tehua Investment Holding Co., Ltd.
LIAONING CHENG DA CO., LTD. 
