Suzhou Xuanliang Trading Co., Ltd completed the acquisition of Shanghai Second Printing and Dyeing Factory Co., Ltd from Shanghai Shenda Co., Ltd.
April 06, 2021
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Suzhou Xuanliang Trading Co., Ltd intends to acquire Shanghai Second Printing and Dyeing Factory Co., Ltd from Shanghai Shenda Co., Ltd (SHSE:600626) for approximately CNY 510 million on January 21, 2021. On March 1, 2021, a contract has been signed. On January 21, 2021, Suzhou Xuanliang Trading Co., Ltd paid 30% of the transaction price to the Stock Exchange of CNY 152.21 as a deposit, is directly transferred to part of the price of this property rights transaction. Suzhou Xuanliang Trading Co., Ltd will within 5 working days from the date of signing this contract, transfer the remaining property rights transaction price of CNY 355.1 in one-time payment to the designated bank account of Shanghai United Assets and Equity Exchange Co., Ltd. The Shanghai United Assets and Equity Exchange Co., Ltd. shall, within 3 working days after issuing the equity transaction certificate and receiving the application, pay the entire equity transaction price to the designated bank account.
Suzhou Xuanliang Trading Co., Ltd completed the acquisition of Shanghai Second Printing and Dyeing Factory Co., Ltd from Shanghai Shenda Co., Ltd (SHSE:600626) on April 7, 2021. The transaction has been approved by shareholders of Shanghai Shenda.
Shanghai Shenda Co Ltd is a China-based company mainly engaged in import and export trade, research, development and manufacturing of industrial textiles. The Company primarily conducts its business through three segments. The Trade Services segment is mainly engaged in import and export trade, mainly including textiles, home textiles and other import and export businesses. The Manufacturing Business segment is mainly engaged in the business of automotive interior and acoustic components, mainly including the manufacture of floor system products, acoustic component products, soft decoration products and other interior parts. The Headquarters and Properties segment is mainly engaged in the business of new textile materials, mainly including the development and research of flexible composite material products. Its main products include biogas membrane structures, architectural membrane structures, waterproof membranes, oil-proof barriers, inflatable materials and others.
SHANGHAI SHENDA CO., LTD 
