Wang Yujie cancelled the acquisition of a 70% stake in Guangdong Weiyi Network Technology Co., Ltd. from Nanxing Machinery Co., Ltd..
October 25, 2022
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Wang Yujie agreed to acquire 70% of Guangdong Weiyi Network Technology Co., Ltd from Nanxing Machinery Co., Ltd. (SZSE:002757) on June 29, 2022. As of March 31, 2022, Guangdong Weiyi Network Technology reported total assets of CNY 1 billion and net assets of CNY 409 million.
Wang Yujie cancelled the acquisition of a 70% stake in Guangdong Weiyi Network Technology Co., Ltd. from Nanxing Machinery Co., Ltd. (SZSE:002757) on October 26, 2022.
Nanxing Machinery Co., Ltd. is a China-based company principally engaged in the research and development, design, manufacture and sales of complete equipment for manufacturing plate furniture. The Companyâs major products include automatic edge banding machines, numerical controlled panel saws, multi-spindle drilling machines, precise sliding table saws and machining centers. The Companyâs products are primarily used in the plate furniture industry and other fields that process or utilize artificial boards. The fields contain manufacturing of custom furniture, component cabinets, wooden doors and floors, as well as the processing of artificial boards used in construction and decoration, exhibition and production of automobiles and ships. The Company also provides related accessories. The Company distributes its products in domestic market and to overseas markets.
NANXING MACHINERY CO., LTD. 