Baoding Lucky Innovative Materials Co.,Ltd completed the acquisition of 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited.
December 22, 2020
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Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) intends to acquire 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited (SHSE:600135) on October 23, 2020. Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) agreed to acquire 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited (SHSE:600135) for CNY 29.18 million few day ago. The consideration will be paid in cash. The consideration will be paid in seven working days of signing the agreement. As of June 30, 2020, Baoding Lucky Chemical Co. reported total assets of CNY 125.1 million and owner's equity of CNY 110.2 million. For the year ending December 31, 2019, Baoding Lucky Chemical Co.,LTD reported total operating income of CNY 64.3 million and net profit of approximately CNY 9 million. The transaction needs to be reviewed and approved by Baoding Lucky Innovative Materials Co.,Ltd's Board of Directors and general meeting of shareholders. As of November 17, 2020, the transaction has been reviewed and approved by the fifth meeting of Baoding Lucky Innovative Materials Co.,Ltd's fourth board of directors and the agreement is expected to be signed soon. As on December 2, 2020, Lucky Film Company,Limited board approved the deal.
Baoding Lucky Innovative Materials Co.,Ltd (SZSE:300446) completed the acquisition of 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited (SHSE:600135) on December 22, 2020
Aerospace Intelligent Manufacturing Technology Co Ltd, formerly Baoding Lucky Innovative Materials Co Ltd, is a China-based company mainly engaged in the research, development and production of functional membrane materials. The Company is also engaged in the manufacturing of chemical reagents and auxiliaries. The Company's main products include magnetic strips, thermal magnetic tickets, electromagnetic wave shielding films, pressure test films, light stabilizers, antioxidants, photosensitive dry films and others. The Company's products are exported to many overseas countries and regions.
Baoding Lucky Innovative Materials Co.,Ltd completed the acquisition of 22.51% stake in Baoding Lucky Chemical Co.,LTD. from Lucky Film Company,Limited.