Yinbang Clad Material Co., Ltd. cancelled the acquisition of 60% stake in Hangdao Mingri Haiyang Fudong Base Holding Co., Ltd. from Xinyu Qingke Investment Management Center (Limited Partnership) and Tangshan Hangdao Mingri Haiyang Heavy Industry Co., Ltd.
December 03, 2019
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Yinbang Clad Material Co., Ltd. (SZSE:300337) signed an acquisition framework agreement to acquire 60% stake in Hangdao Mingri Haiyang Fudong Base Holding Co., Ltd. from Xinyu Qingke Investment Management Center (Limited Partnership) and Tangshan Hangdao Mingri Haiyang Heavy Industry Co., Ltd. on December 4, 2018. Yinbang Clad Material Co., Ltd. will issue shares as consideration. The transaction is subject to each party’s decision-making and approval procedures.
Yinbang Clad Material Co., Ltd. (SZSE:300337) cancelled the acquisition of 60% stake in Hangdao Mingri Haiyang Fudong Base Holding Co., Ltd. from Xinyu Qingke Investment Management Center (Limited Partnership) and Tangshan Hangdao Mingri Haiyang Heavy Industry Co., Ltd. on December 4, 2019.
Yinbang Clad Material Co., Ltd. is a China-based company principally engaged in the research, development and production of new metal materials. The Company's main products include aluminum heat transmission materials, aluminum steel composite materials, polymetal composite materials and aluminum alloy composite protective materials. The Company's products are mainly used in automobile, construction machinery, power, household appliance and electronics industries. The Company distributes its products in domestic market and to overseas markets.
Yinbang Clad Material Co., Ltd. cancelled the acquisition of 60% stake in Hangdao Mingri Haiyang Fudong Base Holding Co., Ltd. from Xinyu Qingke Investment Management Center (Limited Partnership) and Tangshan Hangdao Mingri Haiyang Heavy Industry Co., Ltd.
YINBANG CLAD MATERIAL CO.,LTD 
