Zigong Hongtu Investment Co., Ltd. cancelled the acquisition of 44.78% stake in Zigong Tongda Machinery Manufacturing Co., Ltd. from Beijing Shenhuaxin Co., Ltd..
August 14, 2015 at 12:00 am EDT
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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. (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.
Zigong Hongtu Investment Co., Ltd. cancelled the acquisition of 44.78% stake in Zigong Tongda Machinery Manufacturing Co., Ltd. from Beijing Shenhuaxin Co., Ltd. (SZSE:000010) on August 14, 2015.
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.