Hainan Ningsheng Tourism Group Co., Ltd. completed the acquisition of additional 9.99% stake in Shanghai Yahong Moulding Co., Ltd. from Xie Yaming.
February 06, 2024
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Hainan Ningsheng Tourism Group Co., Ltd. agreed to acquire additional 9.99% stake in Shanghai Yahong Moulding Co., Ltd. (SHSE:603159) from Xie Yaming for CNY 250 million on October 17, 2023. Hainan Ningsheng Tourism Group Co., Ltd. will pay CNY 196 million before December 31, 2023, and CNY 55.74 million before February 22, 2024.
Hainan Ningsheng Tourism Group Co., Ltd. completed the acquisition of additional 9.99% stake in Shanghai Yahong Moulding Co., Ltd. (SHSE:603159) from Xie Yaming on February 7, 2024.
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. 
