Shanghai Worth Garden Products Co., Ltd. cancelled the acquisition of additional 16.5% stake in Warburg Energy Development Limited from Shanxi Huijing Enterprise Management Consulting Ltd., Shanxi Ruilong Tiancheng Trading Company and Borui Tiansheng Investment Co., Ltd.
November 14, 2019
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Shanghai Worth Garden Products Co., Ltd. (SZSE:300483) entered into a letter of intent to acquire additional 16.5% stake in Warburg Energy Development Limited from Shanxi Huijing Enterprise Management Consulting Ltd., Shanxi Ruilong Tiancheng Trading Company and Borui Tiansheng (Beijing) Investment Co., Ltd. on November 15, 2018. The payment will be in cash. As on December 4, 2018, the transaction is subject to the approval of Regulatory Board and that Shanghai Worth Garden's shares will halt trade from December 5, 2018 in case of pending regulatory approval. As on December 5, 2018, the transaction has been approved by the Securities Regulator.
Shanghai Worth Garden Products Co., Ltd. (SZSE:300483) cancelled the acquisition of additional 16.5% stake in Warburg Energy Development Limited from Shanxi Huijing Enterprise Management Consulting Ltd., Shanxi Ruilong Tiancheng Trading Company and Borui Tiansheng (Beijing) Investment Co., Ltd. on November 15, 2019.
Sino Prima Gas Technology Co Ltd, formerly Shanghai Worth Garden Co Ltd, is a China-based company mainly engaged in the natural gas business and the research and development, production and sales of gardening products. The Company's natural gas business includes natural gas exploration, development, production and sales. The Companyâs gardening products market segment mainly includes hand tools, decorations, irrigation, machinery and materials gardening products, such as scissors, shovels, handsaws, rakes, lawn mowers, croppers, hedge trimmers, grass trimmers, electric chain saws and others. It also provides services such as gardening design, engineering construction and greening maintenance services. The Company conducts its businesses within the China market and overseas markets.
Shanghai Worth Garden Products Co., Ltd. cancelled the acquisition of additional 16.5% stake in Warburg Energy Development Limited from Shanxi Huijing Enterprise Management Consulting Ltd., Shanxi Ruilong Tiancheng Trading Company and Borui Tiansheng Investment Co., Ltd.
SINO PRIMA GAS TECHNOLOGY CO., LTD. 
