Zibo Kaisheng Investment Partnership (Limited Partnership), Zibo Kaisitong Investment Partnership (Limited Partnership), Chongqing Qihe Jun’a Enterprise Management Center (Limited Partnership), Wang Jiarong, Peng Yunhui, Wang Yong and 8 other individuals cancelled the acquisition of 20.2% stake in Shandong Kaisheng New Materials Co., Ltd. from Huapont Life Science Co., Ltd..
April 20, 2017
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Zibo Kaisheng Investment Partnership (Limited Partnership), Zibo Kaisitong Investment Partnership (Limited Partnership), Chongqing Qihe Jun'a Enterprise Management Center (Limited Partnership), Wang Jiarong, Peng Yunhui, Wang Yong and 8 other individuals signed the share transfer agreement to acquire 20.2% stake in Shandong Kaisheng New Materials Co., Ltd. from Huapont Life Science Co., Ltd. (SZSE:002004) for approximately CNY 130 million on April 21, 2016. As of December 31, 2015, Shandong Kaisheng New Materials had total assets of CNY 372.97 million, total liabilities of CNY 39.13 million, total owner's equity of CNY 333.84 million, revenue of CNY 237.83 million, operating profit of CNY 53.41 million and net profit of CNY 44.08 million. The transaction was approved by Board of Directors of Huapont Life Science.
Zibo Kaisheng Investment Partnership (Limited Partnership), Zibo Kaisitong Investment Partnership (Limited Partnership), Chongqing Qihe Jun'a Enterprise Management Center (Limited Partnership), Wang Jiarong, Peng Yunhui, Wang Yong and 8 other individuals cancelled the acquisition of 20.2% stake in Shandong Kaisheng New Materials Co., Ltd. from Huapont Life Science Co., Ltd. (SZSE:002004) on April 21, 2017.
Shandong Kaisheng New Materials Co Ltd is a company mainly engaged in the research and development (R&D), production and sales of chemical products and new polymer materials. The Company's main products include thionyl chloride, high-purity aramid polymer monomer, p-nitrobenzoyl chloride, Chloroether, etc. The Company's products are widely used in high-performance fibers, new polymer materials, pesticides, pharmaceuticals, food additives, lithium batteries and other industries. The Company's products are exported to the United States, Japan, South Korea and other countries.
Zibo Kaisheng Investment Partnership (Limited Partnership), Zibo Kaisitong Investment Partnership (Limited Partnership), Chongqing Qihe Jun’a Enterprise Management Center (Limited Partnership), Wang Jiarong, Peng Yunhui, Wang Yong and 8 other individuals cancelled the acquisition of 20.2% stake in Shandong Kaisheng New Materials Co., Ltd. from Huapont Life Science Co., Ltd..
SHANDONG KAISHENG NEW MATERIALS CO.,LTD. 
