Keda Industrial Group Co., Ltd. signed Acquisition of Assets Agreement to acquire remaining 51.55% stake in Guangdong Twyford International Holding Ltd from a group of shareholders for CNY 10.6 billion.
Keda Industrial Group Co., Ltd. (SHSE:600499) signed Acquisition of Assets Agreement to acquire remaining 51.55% stake in Guangdong Twyford International Holding Ltd from a group of shareholders for CNY 10.6 billion on January 28, 2026. A cash consideration of CNY 2.09 billion and issue shares of 498,195,55 by Keda Industrial Group Co., Ltd. Upon completion, Keda Industrial Group Co., Ltd. will own 100% stake in Guangdong Twyford International Holding Ltd.
For the period ending December 31, 2025, Guangdong Twyford International Holding Ltd reported EBIT of CNY 8.19 billion and net income of CNY 1.5 billion. As of December 31, 2025, Guangdong Twyford International Holding Ltd reported total assets of CNY 9.05 billion and total common equity of CNY 4.55 billion.
The transaction is subject to approval of offer by acquirer shareholders and approval by Shanghai Stock Exchange?s Approval, CSRC?s Approval and other Necessary Approvals.
Luo Xiaojun, Tang Anqi, Wang Yaqin, Chen Saide, Zhu Kaikai, Kang Xin, Wu Chenghao, Cui Hao, Lv Yingxia, Jing Wanfeng, Xing Chengdong, Lu Wenqian, Wang Yiwen, Chen Tong of Guotai Haitong Securities Co., Ltd. acted as financial advisor for Keda Industrial Group Co., Ltd. Zhang Li, Li Xianan, Ren Xingyu of Beijing Kang Da Law Firm acted as legal advisor for Keda Industrial Group Co., Ltd. Yao Haishi, Huang Jian, Yang Qing of RSM China acted as accountant for Keda Industrial Group Co., Ltd.
Keda Industrial Group Co Ltd is a Chinese-based company mainly engaged in the production and sales of building ceramic machinery, overseas building materials, and lithium battery materials. The Company is mainly engaged in four businesses. The ceramic machinery business focuses on building ceramic machinery, and also include presses, kilns, polishing equipment. The overseas building materials business includes ceramics, sanitary ware, and glass products. The lithium battery material business is mainly engaged in graphitization processing, as well as the research and development, production, and sales of negative electrode products such as artificial graphite and silicon-carbon composites. The related products are used in lithium-ion batteries. The strategic investment and cultivation business mainly includes hydraulic pump business and smart energy business. The Company conducts its businesses in domestic market and overseas markets.
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Keda Industrial Group Co., Ltd. signed Acquisition of Assets Agreement to acquire remaining 51.55% stake in Guangdong Twyford International Holding Ltd from a group of shareholders for CNY 10.6 billion.
