Jingzhou Urban Development Capital Operation Co., Ltd. signed framework agreement to acquire an additional 2.28% stake in Guanfu Holding Co., Ltd. from Shantou Jinchuangying Investment Consulting Center (Limited Partnership) for approximately CNY 140 million.
May 25, 2022
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Jingzhou Urban Development Capital Operation Co., Ltd. signed framework agreement to acquire an additional 2.28% stake in Guanfu Holding Co., Ltd. (SZSE:002102) from Shantou Jinchuangying Investment Consulting Center (Limited Partnership) for approximately CNY 140 million on May 17, 2022. Jingzhou Urban Development Capital Operation Co., Ltd. will acquire 60 million shares at CNY 2.4 per share. On May 26, 2022, Jingzhou Urban Development Capital Operation Co., Ltd. signed agreement to acquire an additional 2.28% stake in Guanfu Holding Co., Ltd. from Shantou Jinchuangying Investment Consulting Center (Limited Partnership). In a related transaction, Jingzhou Urban Development Capital Operation Co., Ltd. signed framework agreement to acquire an additional 5.13% stake in Guanfu Holding Co., Ltd. from Chen Liequan for approximately CNY 230 million on May 17, 2022. Post completion of both transactions, Jingzhou Urban Development Capital Operation Co., Ltd. will hold 9.79% stake of Guanfu Holding Co., Ltd.
Hubei NengTer Technology Co Ltd, formerly Guanfu Holdings Co Ltd, is a China-based company principally engaged in the production and processing of pharmaceutical intermediates. The Company primarily operates its businesses through four segments. The Plastic Trading E-Commerce segment is mainly engaged in commodity trading business. The Asset Management Factoring segment is mainly engaged in commercial factoring business. The Pharmaceutical and Chemical Industry segment is mainly engaged in the business of pharmaceutical intermediates and vitamin E. The Mining segment is mainly engaged in the gold mining business. The Company is also involved in park operation, selling materials and financial leasing. The Company distributes its products within the domestic market and to overseas markets.
Jingzhou Urban Development Capital Operation Co., Ltd. signed framework agreement to acquire an additional 2.28% stake in Guanfu Holding Co., Ltd. from Shantou Jinchuangying Investment Consulting Center (Limited Partnership) for approximately CNY 140 million.