Zhejiang Hangmin Co.,Ltd and Keer Group Co. Ltd agreed to acquire Hangzhou Keer Precious Metal Co., Ltd. from Keer Group Co. Ltd.
April 20, 2021
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Zhejiang Hangmin Co.,Ltd (SHSE:600987) and Keer Group Co. Ltd agreed to acquire Hangzhou Keer Precious Metal Co., Ltd. from Keer Group Co. Ltd on April 19, 2021. The price of the underlying equity transfer will be paid in two installments. The transferee shall, within [15] working days from the effective date of this equity transfer agreement, pay the first installment of RMB to the transferor half of the equity transfer price. The transferee shall pay the remaining price to the transferor within [15] working days after the delivery date of the target equity. The Board of Directors of Zhejiang Hangmin approved the transaction.
ZHEJIANG HANGMIN CO., LTD is a China-based company, principally engaged in textile printing and dyeing business. The Company is also engaged in power generation, wholesale, transportation and water management business. The Company's products mainly include dyeing cloth, electricity, steam, coal and water. The Company distributes its products within domestic markets and to overseas markets.