Beijing Huaxin Hengyi Management Consulting Partnership Enterprise (Limited Partnership) agreed to acquire Hengyuan Construction Panel Industry Co., Ltd. from Beijing Taikong Panel Industry Co., Ltd. and Beijing Simande Building Materials Technology Development Co., Ltd. for approximately CNY 270 million.
Beijing Huaxin Hengyi Management Consulting Partnership Enterprise (Limited Partnership) agreed to acquire Hengyuan Construction Panel Industry Co., Ltd. from Beijing Taikong Panel Industry Co., Ltd. (SZSE:300344) and Beijing Simande Building Materials Technology Development Co., Ltd. for approximately CNY 270 million on January 22, 2018. Beijing Taikong Panel Industry Co., Ltd. (SZSE:300344) and Beijing Simande Building Materials Technology Development Co., Ltd. will transfer 99% and 1% stake for CNY 272 million and CNY 2.7 million respectively. The transaction was approved by the 29th session of the 6th directorate of Beijing Taikong Panel Industry Co., Ltd.