Jinggangshan Zhongcheng Investment Consulting Center Partnership Enterprise (Limited Partnership) cancelled the acquisition to acquire 4.39% stake in Jiangsu Hichain Logistics Co., Ltd from Luxshare Precision Industry Co., Ltd..
November 23, 2018
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Jinggangshan Zhongcheng Investment Consulting Center Partnership Enterprise (Limited Partnership) signed the share transfer agreement to acquire 4.39% stake in Jiangsu Hichain Logistics Co., Ltd from Luxshare Precision Industry Co., Ltd. (SZSE:002475) for CNY 27.6 million on November 24, 2017. Post-acquisition, Luxshare Precision Industry will no longer own any stake in Jiangsu Hichain Logistics. As of December 31, 2016, Jiangsu Hichain Logistics Co., Ltd reported total assets of CNY 679.9 million, net assets of CNY 424.8 million, revenue of CNY 589.7 million, operating profit of CNY 47.25 million and net profit of CNY 68.55 million. The transaction is approved by the Board of Directors of Luxshare Precision Industry Co., Ltd.
Jinggangshan Zhongcheng Investment Consulting Center Partnership Enterprise (Limited Partnership) cancelled the acquisition to acquire 4.39% stake in Jiangsu Hichain Logistics Co., Ltd from Luxshare Precision Industry Co., Ltd. (SZSE:002475) on November 24, 2018.
Hichain Logistics Co Ltd is a China-based company that provides integrated logistics services for enterprises related to the electronic information industry. The Company's modern logistics service system covers the entire supply chain of manufacturing companies' raw material logistics, production logistics, finished product logistics and reverse logistics. The Company provides freight forwarding services such as transportation services, customs services and international freight forwarding, warehousing services and terminal operations. The Company mainly conducts its businesses in the China market.
Jinggangshan Zhongcheng Investment Consulting Center Partnership Enterprise (Limited Partnership) cancelled the acquisition to acquire 4.39% stake in Jiangsu Hichain Logistics Co., Ltd from Luxshare Precision Industry Co., Ltd..