Guangdong SACA Precision Manufacturing Co., Ltd. cancelled the acquisition of Xingye Investment (Hong Kong) Co., Ltd. from Guangdong Xingye Imvestment Limited Liability Company.
May 28, 2019
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Guangdong SACA Precision Manufacturing Co., Ltd. (SZSE:300464) agreed to acquire Xingye Investment (Hong Kong) Co., Ltd. from Guangdong Xingye Imvestment Limited Liability Company for approximately CNY 170 million on May 28, 2018. For the year ending December 31, 2017, Xingye Investment (Hong Kong) Co., Ltd. reported total assets of CNY 225.6 million, owners’ equity of CNY 52 million and operating revenue of CNY 220.2 million. The transaction was approved by the 19th meeting of the 3rd directorate and the 12th meeting of the 3rd reunion of the directorate of Guangdong SACA Precision Manufacturing Co., Ltd. on May 28, 2018.
Guangdong SACA Precision Manufacturing Co., Ltd. (SZSE:300464) cancelled the acquisition of Xingye Investment (Hong Kong) Co., Ltd. from Guangdong Xingye Imvestment Limited Liability Company on May 28, 2019.
Guangdong SACA Precision Manufacturing Co., Ltd. is a China-based company engaged in the research and development, design, manufacture and distribution of precision metal fittings. The Company's products include slides, hinges and other precision metal fittings. Slides include heavy-duty slides, silent slides, hidden slides and buffered slides, among others. Hinges include stainless steel hinges, American hinges and buffered hinges, among others. Its products are widely used in furniture, home appliances, industry, financial, automotive and other fields.