Jiangsu Guixing Machinery Equipment Leasing Co., Ltd. completed the acquisition of Zhejiang Shenhua New Ecological Construction Development Co., Ltd. from Shenzhen Ecobeauty Co., Ltd..
December 15, 2019
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Jiangsu Guixing Machinery Equipment Leasing Co., Ltd. agreed to acquire Zhejiang Shenhua New Ecological Construction Development Co., Ltd. from Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) for CNY 62.5 million on December 4, 2019. 51% of the consideration will be paid within 3 days since signing of the agreement. The rest of the compensation will be paid before March 31, 2020. The Board of Directors of Shenzhen Ecobeauty Co., Ltd. approved the transaction. The deal does not require approval from shareholders.
Jiangsu Guixing Machinery Equipment Leasing Co., Ltd. completed the acquisition of Zhejiang Shenhua New Ecological Construction Development Co., Ltd. from Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) on December 16, 2019. After the completion of the industrial and commercial change registration, Shenzhen Ecobeauty no longer holds Zhejiang Shenhua New Ecological Construction Development Co., Ltd.’s equity.
SHENZHEN ECOBEAUTY CO., LTD., formerly BEIJING SHENHUAXIN CO., LTD., is a China-based company principally engaged in landscaping construction engineering business. The Company mainly operates through landscape design, the construction and maintenance of landscaping projects, as well as the cultivation and sale of seedlings. The Company is also involved in the provision of gas selling services. The Company operates its business within domestic market, mainly in East China and Southwest China.
Jiangsu Guixing Machinery Equipment Leasing Co., Ltd. completed the acquisition of Zhejiang Shenhua New Ecological Construction Development Co., Ltd. from Shenzhen Ecobeauty Co., Ltd..