Dongguan Golden Sun Abrasives Co.,Ltd signed equity share transfer agreement to acquire remaining 15% stake in Dongguan Golden Sun Precision Technology Co., Ltd. from Xiang Cheng and Wang Jiali on CNY 95.4 million.
June 10, 2021
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Dongguan Golden Sun Abrasives Co.,Ltd (SZSE:300606) signed equity share transfer agreement to acquire remaining 15% stake in Dongguan Golden Sun Precision Technology Co., Ltd. from Xiang Cheng and Wang Jiali on CNY 95.4 million on June 10, 2021. Post completion, Dongguan Golden Sun Precision Technology Co., Ltd. will become wholly owned subsidiary of Dongguan Golden Sun Abrasives Co.,Ltd. As on March 31, 2021, Dongguan Golden Sun Precision Technology Co., Ltd. reported total assets of CNY 246.2 million, net assets of CNY 227.8 million, operating income of CNY 11.6 and profit of CNY -1.8 million. Transaction is approved by the board of Dongguan Golden Sun Abrasives Co.,Ltd.
DONGGUAN GOLDEN SUN ABRASIVES CO., LTD is a China-based company principally engaged in the manufacture and sales of abrasive paper. The Company's main products include water-resistant abrasive paper, dry abrasive paper, dry film coated abrasive paper, polyester film abrasive paper and others. Its products are mainly applied in grinding and polishing for metal, wood, leather, glass, plastics, ceramics and other products, involving aerospace, automotive, shipbuilding, machine tool, chemical, construction, metallurgy, energy, home appliances, electronics, furniture and other industries. The Company distributes its products in domestic and overseas markets.
Dongguan Golden Sun Abrasives Co.,Ltd signed equity share transfer agreement to acquire remaining 15% stake in Dongguan Golden Sun Precision Technology Co., Ltd. from Xiang Cheng and Wang Jiali on CNY 95.4 million.
DONGGUAN GOLDEN SUN ABRASIVES CO.,LTD 
