A group of buyers completed the acquisition of Goldtrust Futures Co., Ltd. from Hunan Xiangtou Holdings Group Co., Ltd., Hunan Xingxiang Investment Holding Group Co., Ltd., Hunan Tianhui Economic Development Co., Ltd.
June 24, 2019
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Shouguang Meilun Paper Co., Ltd., Hunan Oil Pump Co., Ltd. (SHSE:603319), Shanghai Panhou Investment Management Co., Ltd., Yingxin (Hainan) Financial Services Co., Ltd., Shanghai Gold Information Technology Co., Ltd., Beijing Wuxianxinrui Network Technology Co., Ltd signed a property rights transaction contract to acquire Goldtrust Futures Co., Ltd. from Hunan Xiangtou Holdings Group Co., Ltd., Hunan Xingxiang Investment Holding Group Co., Ltd., Hunan Tianhui Economic Development Co., Ltd for CNY 400 million on October 19, 2018. Shouguang Meilun Paper Co., Ltd. will acquire 45% stake and Hunan Oil Pump Co., Ltd. will acquire 23% stake for not less than Cny 92 million. in Goldtrust Futures for CNY 180 million. Hunan Xiangtou Holdings Group Co., Ltd. and Hunan Tianhui Economic Development Co., Ltd will sell 44.56% stake in Goldtrust Futures for CNY 178.2 million and Hunan Xingxiang Investment Holding Group Co., Ltd. will sell 55.44% stake in Goldtrust Futures for CNY 221.8 million. Transaction has been approved by CSRC.
A group of buyers completed the acquisition of Goldtrust Futures Co., Ltd. from Hunan Xiangtou Holdings Group Co., Ltd., Hunan Xingxiang Investment Holding Group Co., Ltd., Hunan Tianhui Economic Development Co., Ltd on June 25, 2019.
Hunan Oil Pump Co Ltd is a China-based company principally engaged in the research and development, manufacturing and sales of engine pump products. The Company operates five segments, Diesel Engine Oil Pump segment, Gasoline Engine Oil Pump segment, Electric Motor segment, Transmission Pump segment, and New Energy Vehicle Parts segment. The Company's products mainly include engine pump products, transmission oil pumps, electronic pump products, motor products and intelligent driving execution layer control systems. The Company's products are used in fuel vehicles, new energy vehicles, generator sets, ship power and engineering machinery and other fields. Through its subsidiaries, the Company also provides vacuum pumps, automated manufacturing equipment and related information and technical services, and is engaged in the research, development and production of gears, reducers and aluminum die castings.
A group of buyers completed the acquisition of Goldtrust Futures Co., Ltd. from Hunan Xiangtou Holdings Group Co., Ltd., Hunan Xingxiang Investment Holding Group Co., Ltd., Hunan Tianhui Economic Development Co., Ltd.
HUNAN OIL PUMP CO., LTD. 
