China Cinda Asset Management Co., Ltd. (SEHK:1359) intends to acquire 5% stake in Qitaihe Baotailong Mine Industry Co., Ltd. from Baotailong New Materials Co., Ltd. (SHSE:601011) for CNY 2.8 million on July 21, 2021. As of December 31, 2020, Qitaihe Baotailong Mine had total assets of CNY 662.3 million, net assets worth CNY 55.8 million, operating income of CNY 0.5 million and net loss of CNY 0.6 million. Transaction is approved by the board of Baotailong New Materials Co., Ltd. and needs to be approved by shareholders of Baotailong New Materials Co., Ltd.
China Cinda Asset Management Co., Ltd.
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CNE100001QS1
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- China Cinda Asset Management Co., Ltd. intends to acquire 5% stake in Qitaihe Baotailong Mine Industry Co., Ltd. from Baotailong New Materials Co., Ltd. for CNY 2.8 million.