Jiang Guoqiang signed an agreement to acquire 51% stake in Anhui Footprint New Material Technology Co., Ltd from Shanghai Kinlita Chemical Co., Ltd. for CNY 20 million
April 27, 2023
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Jiang Guoqiang signed an agreement to acquire 51% stake in Anhui Footprint New Material Technology Co., Ltd from Shanghai Kinlita Chemical Co., Ltd. (SZSE:300225) for CNY 20 million on April 28, 2023. The company will transfer its 51% stake in Anhui Footprint to Jiang Guoqiang or its designated third party and will pay the company the interest calculated from the actual payment date of part of the registered capital corresponding to the target equity to the actual payment date of the corresponding equity transfer payment at an annualized rate of 7.7%. After, the company will no longer own any stake in Anhui Footprint. For Year ended December 31, 2022, Anhui Footprint had total assets, net assets, revenue and net profit as CNY 51.3 million, CNY 25 million, CNY 16.8 million and CNY 5.1 million respectively.
Shanghai Kinlita Chemical Co., Ltd. is a China-based company principally engaged in the manufacture, processing and sales of coating products, solvents and additives, as well as the provision of related technical consulting and after-sales services. The Company's main products include cathodic electrophoretic coatings, topcoats, environmentally friendly and energy-saving materials and ceramic coatings. The Company's products are mainly used in automobiles, agricultural machinery, construction machinery, motorcycles, auto parts, light industrial parts and building curtain walls. The Company distributes its products in domestic market, with East China as its main market.
Jiang Guoqiang signed an agreement to acquire 51% stake in Anhui Footprint New Material Technology Co., Ltd from Shanghai Kinlita Chemical Co., Ltd. for CNY 20 million