Hubei Guochuang Property Management Co., Ltd. and Hubei Guochuang Chuyuan Investment Management Co., Ltd. completed the acquisition of Shenzhen Yunfang Internet Technology Co., Ltd. from Hubei Guochuang Hi-tech Material Co.,Ltd.
June 11, 2023
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Hubei Guochuang Property Management Co., Ltd. and Hubei Guochuang Chuyuan Investment Management Co., Ltd. agreed to acquire Shenzhen Yunfang Internet Technology Co., Ltd. from Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) for CNY 18.6 million on May 18, 2023. Hubei Guochuang Property Management will acquire 51% stake and Hubei Guochuang Chuyuan Investment Management will acquire 49% stake. Consideration of CNY 8.6059 million will be paid within 12 months. For the period December 31, 2022, Yunfang Internet Technology's CNY 611.0774 million of total assets, CNY 920.9364 million of Revenues, CNY -469.7404 of Net profit. Transaction has been approved Hubei Guochuang Hi-tech's board. For the perio
Hubei Guochuang Property Management Co., Ltd. and Hubei Guochuang Chuyuan Investment Management Co., Ltd. completed the acquisition of Shenzhen Yunfang Internet Technology Co., Ltd. from Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) on June 12, 2023.
Hubei Guochuang Hi-tech Material Co Ltd is a China-based company principally engaged in the research, development, manufacture and sales of pavement modified asphalt series products. The Company operates through two main segments. The Asphalt Business segment is mainly engaged in the research, development, manufacture and sales of pavement modified asphalt series products. The Companyâs main products include modified asphalt, heavy traffic asphalt and emulsified asphalt. The Real Estate Agency Services segment is mainly involved in the provision of real estate agency services centered on online to offline (O2O) model.
Hubei Guochuang Property Management Co., Ltd. and Hubei Guochuang Chuyuan Investment Management Co., Ltd. completed the acquisition of Shenzhen Yunfang Internet Technology Co., Ltd. from Hubei Guochuang Hi-tech Material Co.,Ltd.