Guangzhou Mingzhu Health Yamashiro Co., Ltd. cancelled the acquisition of 3.88% stake in Guangdong Mingzhu Health & Regimen Co., Ltd. from Guangdong Mingzhu Group Co., Ltd..
January 29, 2019
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Guangzhou Mingzhu Health Yamashiro Co., Ltd. entered into an agreement to acquire 3.88% stake in Guangdong Mingzhu Health & Regimen Co., Ltd. from Guangdong Mingzhu Group Co., Ltd. (SHSE:600382) for CNY 50 million on January 29, 2018. Upon completion, Guangdong Mingzhu Group Co., Ltd. will hold no stake in Guangdong Mingzhu Health & Regimen Co., Ltd. the consideration will be paid within 10 days from agreement date.
Guangzhou Mingzhu Health Yamashiro Co., Ltd. cancelled the acquisition of 3.88% stake in Guangdong Mingzhu Health & Regimen Co., Ltd. from Guangdong Mingzhu Group Co., Ltd. (SHSE:600382) on January 29, 2019.
Guangdong Mingzhu Group Co., Ltd is a China-based company, principally engaged in trading business. The Company's products mainly include metal hardware as well as building materials and accessories. Through its subsidiaries, the Company is also principally engaged in the manufacture and sales of valve products, sales of steel, building materials and chemical products, as well as development and sales of properties. The Company conducts its businesses mainly in Southern China and Central China.
Guangzhou Mingzhu Health Yamashiro Co., Ltd. cancelled the acquisition of 3.88% stake in Guangdong Mingzhu Health & Regimen Co., Ltd. from Guangdong Mingzhu Group Co., Ltd..