Yuxi Industrial Group Co., Ltd. acquired additional unknown minority stake in Zhongnan Diamond Co., Ltd. from Liang Hao, Wang Siqing, Yu Guobing, Zhang Xiangfa, Zhang Kui for CNY 48 million.
February 07, 2013 at 11:00 pm EST
Share
Yuxi Industrial Group Co., Ltd. signed an agreement to acquire additional unknown minority stake in Zhongnan Diamond Co., Ltd. from Liang Hao, Wang Siqing, Yu Guobing, Zhang Xiangfa, Zhang Kui for CNY 48 million on December 17, 2012. Under the terms Liang Hao, Wang Siqing, Yu Guobing, Zhang Xiangfa, Zhang Kui sold 0.18 million, 3.4 million, 1 million, 0.26 million, 0.6 million shares respectively.
Yuxi Industrial Group Co., Ltd. completed the acquisition of additional unknown minority stake in Zhongnan Diamond Co., Ltd. from Liang Hao, Wang Siqing, Yu Guobing, Zhang Xiangfa, Zhang Kui on December 18, 2012.
NORTH INDUSTRIES GROUP RED ARROW CO., LTD, formerly HUNAN JIANGNAN RED ARROW CO.,LTD, is a China-based company principally engaged in the research, development, manufacture and sale of superhard materials, intelligent ammunition products and internal combustion engine parts. The Companyâs superhard materials mainly include synthetic diamonds, cubic boron nitrides single crystal and polycrystalline series, composite materials and high-purity graphite and related products, among others. The Company's intelligent ammunition products mainly include large caliber shells, rocket bombs, missiles and submunitions, among others. The Companyâs internal combustion engine parts mainly include gasoline, diesel engine cylinder liners and pistons, among others. The Company distributes its products in domestic market and to overseas markets.
Yuxi Industrial Group Co., Ltd. acquired additional unknown minority stake in Zhongnan Diamond Co., Ltd. from Liang Hao, Wang Siqing, Yu Guobing, Zhang Xiangfa, Zhang Kui for CNY 48 million.
NORTH INDUSTRIES GROUP RED ARROW CO., LTD 
