Guangzhou Sanfu New Materials Technology Co.,Ltd agreed to acquire Guangzhou Etsing Plating Research Institute Co., Ltd from Li Xiaohai, Chen Hancai and Xie Suling and others for CNY 72 million.
August 10, 2022
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Guangzhou Sanfu New Materials Technology Co.,Ltd (SHSE:688359) agreed to acquire Guangzhou Etsing Plating Research Institute Co., Ltd from Li Xiaohai, Chen Hancai and Xie Suling and others for CNY 72 million on August 9, 2022. Guangzhou Sanfu New Materials Technology Co.,Ltd will use own funds for the acquisition, The transaction is subject to approval of offer by Guangzhou Sanfu New Materials Technology Co.,Ltd. As of August 9, 2022 Guangzhou Sanfu New Materials Technology Co.,Ltd board approved the deal. For the period ended on March 31, 2022 Guangzhou Etsing Plating Research Institute Co., Ltd reported total assets of CNY 6.573236 million and Net profit of CNY 3.73093495 million.
Guangzhou Sanfu New Materials Technology Co Ltd is a China-based supplier of special chemicals for surface engineering. The Company is principally engaged in the research of surface engineering technology and the research and development, production and sales of new environmentally friendly surface engineering special chemicals. The Company's main products include electronic chemicals and general electroplating chemicals. Electronic chemicals are mainly special chemicals used in the surface engineering technology of the electronics industry. General electroplating chemicals are mainly special chemicals used in general electroplating processes such as auto parts and hardware sanitary ware industries. The company's products are mainly used in printed circuit boards, communication equipment, mobile phone parts, hardware sanitary ware and auto parts. The Company mainly distributes its products in the domestic market.
Guangzhou Sanfu New Materials Technology Co.,Ltd agreed to acquire Guangzhou Etsing Plating Research Institute Co., Ltd from Li Xiaohai, Chen Hancai and Xie Suling and others for CNY 72 million.