Yuntianhua Group Co., Ltd. cancelled the acquisition of Chongqing Yuntianhua Han’en New Materials Development Co., Ltd. from Yunnan Yuntianhua Co., Ltd..
September 11, 2018
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Yuntianhua Group Co., Ltd. agreed to acquire Chongqing Yuntianhua Han’en New Materials Development Co., Ltd. from Yunnan Yuntianhua Co., Ltd. (SHSE:600096) for approximately CNY 310 million on September 12, 2017. In related deal, Yuntianhua Group Co., Ltd. agreed to acquire 46% stake in Chongqing YunTianHua Newmi-Tech Co., Ltd. from Yunnan Yuntianhua Co., Ltd. For the year ended December 31, 2016, Chongqing Yuntianhua Han’en New Materials Development Co., Ltd. reported total assets of CNY 273.4 million, revenues of CNY 11.3 million, net loss of CNY 19.2 million and net assets of CNY 253.2 million. The deal requires approval from the authorities of The State-owned Assets Supervision and Administration Commission of the State Council, Board of Yuntianhua Group and shareholders of Yuntianhua Group Co., Ltd. The deal is also subject to approval from shareholders of Yunnan Yuntianhua Co., Ltd. in 5th Extraordinary General Meeting due on September 29, 2017. The Board of Directors of Yunnan Yuntianhua Co., Ltd. approved the deal on September 12, 2017. The shareholders approved the transaction on September 29, 2017.
Yuntianhua Group Co., Ltd. cancelled the acquisition of Chongqing Yuntianhua Han’en New Materials Development Co., Ltd. from Yunnan Yuntianhua Co., Ltd. (SHSE:600096) on September 12, 2018.
YUNNANYUNTIANHUACO.,LTD is a China-based company principally engaged in manufacture and distribution of chemical fertilizers and chemical materials and products. The Company operates its businesses through Chemical Fertilizer segment, Phosphate Mining and Dressing segment, Engineering Material segment and Commerce Trading and Logistic segment. Chemical Fertilizer segment produces various chemical fertilizer products, including monoammonium phosphate, diammonium phosphate, urea and composite fertilizer, among others. Phosphate Mining and Dressing segment operates through the mining and dressing of phosphate, as well as the distribution of phosphate products. Engineering Material segment mainly provides polyformaldehyde and lithium battery separators. Commerce Trading and Logistic segment mainly involves in the trading and logistics services of chemical fertilizer, fertilizer raw materials and produce.
Yuntianhua Group Co., Ltd. cancelled the acquisition of Chongqing Yuntianhua Han’en New Materials Development Co., Ltd. from Yunnan Yuntianhua Co., Ltd..
YUNNAN YUNTIANHUA CO., LTD. 
