Grinm Advanced Materials Co., Ltd. to acquire remaining 17.7% stakes in Beijing Guojinghui Infrared Optical Technology Co., Ltd. from group of sellers for CNY 13.21 million.
December 10, 2014
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Grinm Advanced Materials Co., Ltd. (SHSE:600206) to acquire remaining 17.7% stakes in Beijing Guojinghui Infrared Optical Technology Co., Ltd. from group of sellers for CNY 13.21 million on December 10, 2014. The sellers include Yang Runhuai,Yao Jianming, Huang Facheng, Lü Yulin, Liu Xiaobin, Feng Deshen, Ma Shaofang, Xie Hongxia, Lian Xing'e, Zhang Hewen, Yao Changzhu, Pei Yulan, Du Baoying, Min Zhendong, Liu Wei, Li Hecheng, Han Guohua, Yuan Qin, Guan Fenghua, Yu Huaizhi, Huo Chengsong, Huang Wancai, Shi Hongchun, Liu Jianping, He Guoying, Fan Yuhong, Chu Nailin, Hu Guoyuan, Lin Anzhong, Li Qing, Zhang Wenhui, Wang Shengping, Zhang Yuxia, Weng Liping, Zan Aijun, Fang Feng and Gui Zhiqiang.
In a related transaction, Grinm Advanced Materials Co., Ltd. (SHSE:600206) agreed to acquire remaining 28.63% stake in Leshan GRINM Rare Earth New Material Co., Ltd. from Chen Jiuchang and Xie Hui for CNY 7.32 million on December 10, 2014. For the period ended December 31, 2013, Beijing Guojinghui Infrared Optical Technology Co., Ltd. had revenues of CNY 155.56 million and total assets of CNY 112.79 million. The transaction was approved by the Board of Grinm Advanced Materials Co., Ltd.
Grinm Advanced Materials Co Ltd is a China-based company principally engaged in the production and sales of high-purity metal targets, rare earth materials, special infrared optical and optoelectronic materials, and biomedical materials. The Company operates its businesses through five segments. The High-purity/Ultra-high-purity Metal Materials segment is engaged in the production of platinum group, thin film materials, precious metals, non-ferrous metals and high-end manufacturing products. The Rare Earth Materials segment is engaged in the production of rare earth materials. The Infrared Optics/Optical Fiber Optoelectronic Materials segment is engaged in the production of infrared optics and optical fiber optoelectronic materials. The Medical Device Materials segment is engaged in the production of medical device materials. The Other segments is engaged in investment management business. The Company mainly operates its businesses in the domestic market and overseas markets.
Grinm Advanced Materials Co., Ltd. to acquire remaining 17.7% stakes in Beijing Guojinghui Infrared Optical Technology Co., Ltd. from group of sellers for CNY 13.21 million.
GRINM ADVANCED MATERIALS CO., LTD. 
