Zigong Hongtu Investment Co., Ltd. agreed to acquire 44.78% stake in Zigong Tongda Machinery Manufacturing Co., Ltd. from Beijing Shenhuaxin Co., Ltd. (SZSE:000010) for CNY 24.5 million on August 14, 2014. Zigong Tongda had total assets of CNY 211.47 million, net assets of CNY 60.13 million, revenues of CNY 151.17 million, operating profit of CNY 1.02 million and net profit of CNY 0.64 million for the year ending December 31, 2013. The Directorate of Beijing Shenhuaxin approved the transaction.
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- Zigong Hongtu Investment Co., Ltd. agreed to acquire 44.78% stake in Zigong Tongda Machinery Manufacturing Co., Ltd. from Beijing Shenhuaxin Co., Ltd. for CNY 24.5 million.