Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. completed the acquisition of 28.01% stake in Yangshan Shengang International Petroleum Storage and Transportation Co., Ltd. from Dongguan Yuanheng Enterprise Management Co., Ltd.
December 04, 2023
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Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. (SHSE:600794) Share Purchase Letter of Intent to acquire 28.01% stake in Yangshan Shengang International Petroleum Storage and Transportation Co., Ltd. from Dongguan Yuanheng Enterprise Management Co., Ltd. for approximately CNY 500 million on September 5, 2023. Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. (SHSE:600794) Equity Transfer Agreement to acquire 28.01% stake in Yangshan Shengang International Petroleum Storage and Transportation Co., Ltd. from Dongguan Yuanheng Enterprise Management Co., Ltd. for approximately CNY 430 million on November 7, 2023. Yangshan Shengang International Petroleum Storage and Transportation reported total assets of CNY 887.68 million and net assets of CNY 782.16 million on June 30, 2023. This has been approved board of Zhang Jia Gang Freetrade Science, and after the parties have reached the formal agreement phase, it will be submitted to the Directorate and Shareholders for approval. On November 7, 2023, the board of Zhang Jia Gang Freetrade Science unanimously approved the transaction. As of November 23, 2023, the shareholders of Zhangjiagang Free Trade Science approved the transaction.
Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. (SHSE:600794) completed the acquisition of 28.01% stake in Yangshan Shengang International Petroleum Storage and Transportation Co., Ltd. from Dongguan Yuanheng Enterprise Management Co., Ltd. on December 5, 2023.
Zhangjiagang Freetrade Science & Technology Group Co Ltd is a China-based company principally engaged in the provision of supply chain management services. The Company is mainly engaged in four businesses. The terminal warehousing service business mainly provides customers with terminal loading and unloading, warehousing, logistics distribution, tank rental, terminals, pipeline transportation supporting services, solid dry bulk cargo storage, warehouse leasing and comprehensive logistics services. The smart logistics service business provides customers with online simultaneous delivery services for payment and goods, online financing, digital Renminbi (RMB) settlement and online goods rights delivery services. The supply chain management services and other businesses provide customers with bulk commodity supply chain business and investment business such as chemicals and ferrous metal agency. The data service business provides customers with multi-dimensional data services.
Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. completed the acquisition of 28.01% stake in Yangshan Shengang International Petroleum Storage and Transportation Co., Ltd. from Dongguan Yuanheng Enterprise Management Co., Ltd.