Jiangyin Ningxiu Construction Investment Development Co., Ltd completed the acquisition of 11.2% sake in Jiangsu Huaxicun Co.,Ltd. from Jiangsu Huaxi Group Co., Ltd.
December 12, 2022
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Jiangyin Ningxiu Construction Investment Development Co., Ltd entered into share transfer agreement to acquire 11.2% sake in Jiangsu Huaxicun Co.,Ltd. (SZSE:000936) from Jiangsu Huaxi Group Co., Ltd for CNY 560 million on April 7, 2022. Under the terms of transaction, Jiangyin Ningxiu Construction will acquire 99.6 million shares at transfer price of CNY 5.60 per share.
Jiangyin Ningxiu Construction Investment Development Co., Ltd completed the acquisition of 11.2% sake in Jiangsu Huaxicun Co.,Ltd. (SZSE:000936) from Jiangsu Huaxi Group Co., Ltd on December 13, 2022. According to the "Securities Transfer Registration Confirmation" issued by China Securities Depository and Clearing Co., Ltd., the transfer registration procedures for this share agreement transfer have been completed on December 13, 2022. Post completion, Jiangsu Huaxi Group Co., Ltd and Jiangyin Ningxiu Construction Investment Development Co., Ltd will hold 29.3% stake and 11.2% stake in Jiangsu Huaxicun.
JIANGSU HUAXICUN CO.,LTD. is a China-based company principally engaged in the research, development, production and sale of textile chemical fiber products. The Company operates through three business segments. Polyester Fiber segment mainly provides polyester staple fibers. Petrochemical Warehousing and Logistics segment mainly provides terminal loading and unloading, warehousing, barging transit and pipeline transportation services for liquid chemicals. Investment segment is mainly involved in merger and acquisition investment, venture capital, asset management and strategic investment. The Company operates its business in domestic market.
Jiangyin Ningxiu Construction Investment Development Co., Ltd completed the acquisition of 11.2% sake in Jiangsu Huaxicun Co.,Ltd. from Jiangsu Huaxi Group Co., Ltd.
JIANGSU HUAXICUN CO.,LTD. 