Qingdao Gon Technology Co., Ltd. completed the acquisition of an additional 10.1% stake in Baotou Dongbao Bio-Tech Co.,Ltd from Hainan Dongbao Industrial Co., Ltd.
August 05, 2021
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Qingdao Gon Technology Co., Ltd. (SZSE:002768) enter into a share transfer agreement to acquire an additional 10.1% stake in Baotou Dongbao Bio-Tech Co.,Ltd (SZSE:300239) from Hainan Dongbao Industrial Co., Ltd. for approximately CNY 360 million on June 25, 2021. Under the terms of agreement, consideration will be paid in cash for CNY 6 per share for 60 million shares. All the transfer price paid by the Qingdao Gon Technology Co., Ltd comes from its own funds. Parties need to submit an application for confirmation of the transfer of the underlying shares to the Shenzhen Stock Exchange. Transaction is subject to regulatory and shareholder approval. After completing all the above procedures, on June 25, 2021, Guoen Co., Ltd. held the eighth meeting of the fourth board of directors and approved the transaction. Sun Maofeng and Li Yinggu of China Merchants Securities Co., Ltd acted as Financial advisor sponsor and due diligence provider to Qingdao Gon Technology Co., Ltd.
Qingdao Gon Technology Co., Ltd. (SZSE:002768) completed the acquisition of an additional 10.1% stake in Baotou Dongbao Bio-Tech Co.,Ltd (SZSE:300239) from Hainan Dongbao Industrial Co., Ltd. on August 6, 2021.
QINGDAO GON TECHNOLOGY CO., LTD. is a China-based company principally engaged in the research, production and sale of plastic raw materials and products, modified plastics, plastic alloy materials, functional plastic sheet and molds. The Company operates through five segments. The Modified Plastic segment is engaged in the research, development, manufacture and sales of modified plastic particles. The Polymer Composites segment is engaged in the investment and construction of advanced polymer composites projects. The Artificial Lawn segment is involved in the research, development, manufacture and sales of artificial lawns, yarn and plastic tracks. The Optical Material segment is engaged in the research, development, manufacture and sales of light panels, diffusion panels and optical lighting products. The Hollow Capsule segment is engaged in the research, development, manufacture and sales of hollow capsules.
Qingdao Gon Technology Co., Ltd. completed the acquisition of an additional 10.1% stake in Baotou Dongbao Bio-Tech Co.,Ltd from Hainan Dongbao Industrial Co., Ltd.