Hainan Ningsheng Tourism Group Co., Ltd. completed the acquisition of 5% stake in Shanghai Yahong Moulding Co., Ltd. from Xie Yaming.
February 06, 2023
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Hainan Ningsheng Tourism Group Co., Ltd. entered into a Share Transfer Agreement to acquire 5% stake in Shanghai Yahong Moulding Co., Ltd. (SHSE:603159) from Xie Yaming for approximately CNY 130 million on December 5, 2022. The transfer price is CNY 18 per share. Xie Yaming shall transfer his 7,000,000 shares in Shanghai Yahong Moulding. Post completion, Xie Yaming shall hold 36.16% stake and Hainan Ningsheng shall hold 20% stake in Shanghai Yahong Moulding respectively.
Hainan Ningsheng Tourism Group Co., Ltd. completed the acquisition of 5% stake in Shanghai Yahong Moulding Co., Ltd. (SHSE:603159) from Xie Yaming on February 7, 2023,
SHANGHAI YAHONG MOULDING CO., LTD. is a China-based company principally engaged in the research, design, manufacture and distribution of precise plastic moulds and other related devices of plastic products. The Company mainly operates four business segments, including industrial mould products, injection moulded products, surface mounted technology (SMT) products, as well as intelligent toilet covers. The Companyâs products are applied in the high end microwave ovens, middle-to-high-end passenger vehicle dashboards, as well as driving seats. The Company distributes its products within domestic market and to overseas markets, with Shanghai, China as its major market.
SHANGHAI YAHONG MOULDING CO., LTD. 