Zhejiang Jinghua Laser Technology Co., Ltd. signed an equity transfer contract to acquire 54.5% stake in Zhuhai Ruimin Packaging Materials Co., Ltd. from Eurasian Liansi International Co., Ltd. for CNY 72.5 million.
December 25, 2018
Share
Zhejiang Jinghua Laser Technology Co., Ltd. (SHSE:603607) signed an equity transfer contract to acquire 54.5% stake in Zhuhai Ruimin Packaging Materials Co., Ltd. from Eurasian Liansi International Co., Ltd. for CNY 72.5 million on December 21, 2018. Consideration will be paid in cash. In related transactions, Zhejiang Jinghua Laser Technology Co., Ltd. signed contracts to acquire 100% of Zhuhai Ouke Chuangying Culture Creative Co., Ltd. held by Guo Mingliang and Zhu Xuezhi for CNY 74.5 million, 2% of Zhuhai Ruiming Technology Co., Ltd. held by Guo Mingliang for CNY 2.92 million, 100% of FRESTAMP TECHNOLOGY COMPANY LIMITED held by Jiang Mingcong, Vladimir Vacariuc and Vitali Prisacar for CNY 15 million and 58% of Frestamp, INC. held by Vladimir Vacariuc and Vitali Prisacar for $2 million (CNY 13.8 million). Zhuhai Ruimin Packaging reported total assets of CNY 72.63 million, net assets of CNY 22.92 million, revenue of CNY 108.84 million and net income of CNY 19.21 million as of December 31, 2017.
Zhejiang Jinghua Laser Technology Co.,Ltd is a China-based company principally engaged in the manufacture, sale and technology development of laser holographic molded products. The Company's main products include laser holographic anti-counterfeiting paper and laser holographic anti-counterfeiting film. The Company's products are mainly used in the area of counterfeit-proof packaging in tobacco and alcohol, cosmetics, pharmaceuticals and food industries. The Company distributes its products mainly in domestic market.
Zhejiang Jinghua Laser Technology Co., Ltd. signed an equity transfer contract to acquire 54.5% stake in Zhuhai Ruimin Packaging Materials Co., Ltd. from Eurasian Liansi International Co., Ltd. for CNY 72.5 million.
ZHEJIANG JINGHUA LASER TECHNOLOGY CO.,LTD 
