Reignwood Investment Co., Ltd. signed an agreement to acquire 20% stake in Reignwood FMCG Sales Co., Ltd. from Xiamen Wanli Stone Stock Co.,Ltd for CNY 2.6 million.
August 13, 2021
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Reignwood Investment (China) Co., Ltd. signed an agreement to acquire 20% stake in Reignwood FMCG Sales (Fujian) Co., Ltd. from Xiamen Wanli Stone Stock Co.,Ltd (SZSE:002785) for CNY 2.6 million on August 14, 2021. This has been approved in the 18th Meeting of the Xiamen Wanli’s 4th Directorate, and does not need the Shareholders’ Approval. As of March 31, 2021, Reignwood FMCG had total assets of CNY 820 million and net assets of CNY 161 million.
Xiamen Wanli Stone Stock Co Ltd is a China-based company mainly engaged in the provision of comprehensive services for building and landscape stone. The Company is mainly engaged in the design, processing, sales and installation of building decorative stone and landscape stone. The Company's products are mainly used in large public buildings such as airports, high-speed railways, mid-to-high-end hotels, commercial office buildings, residences, as well as tombstone gardens, monuments, among others. The Company is also engaged in engineering construction business, including residential decoration, public decoration and commercial decoration. The Company mainly conducts its businesses in the domestic market, Japanese market, Europe and the United States, African market, Southeast Asian market and other markets.
Reignwood Investment Co., Ltd. signed an agreement to acquire 20% stake in Reignwood FMCG Sales Co., Ltd. from Xiamen Wanli Stone Stock Co.,Ltd for CNY 2.6 million.
XIAMEN WANLI STONE STOCK CO.,LTD 
