Guangdong Youwang Consulting Co., Ltd. completed the acquisition of Guangdong Merces Technology Co. Ltd. from Guangdong Vanward New Electric Co., Ltd..
December 29, 2022
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Guangdong Youwang Consulting Co., Ltd. entered into an agreement to acquire Guangdong Merces Technology Co. Ltd. from Guangdong Vanward New Electric Co., Ltd. (SZSE:002543) for CNY 1 on December 27, 2022. The board of directors of Guangdong Vanward New Electric approved the transaction. Guangdong Merces Technology recorded total assets of CNY 10.9 million and net liabilities of CNY 24 million as of November 30, 2022.
Guangdong Youwang Consulting Co., Ltd. completed the acquisition of Guangdong Merces Technology Co. Ltd. from Guangdong Vanward New Electric Co., Ltd. (SZSE:002543) on December 29, 2022.
Guangdong Vanward New Electric Co., Ltd. is a China-based company principally engaged in the manufacture and sale of gas water heaters and other gas appliances. The Company's main products include gas water heaters, range hoods, as well as air, solar and other new energy hot water products. The Company's products are mainly used in domestic hot water, heating and hot water, refrigeration, drying and surplus heat of backwater. The Company distributes its products in domestic market and to overseas markets.
Guangdong Youwang Consulting Co., Ltd. completed the acquisition of Guangdong Merces Technology Co. Ltd. from Guangdong Vanward New Electric Co., Ltd..