Hanyu Group Joint-Stock Co., Ltd. cancelled the acquisition of Wuhu Lejia Electrical Appliances Co., Ltd. from Shanghai Jiahai Electrical Appliances Partnership Enterprise (Limited Partnership) and Qian Yongguo.
June 05, 2021
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Hanyu Group Joint-Stock Co., Ltd. (SZSE:300403) signed share purchase agreement to acquire Wuhu Lejia Electrical Appliances Co., Ltd. from Shanghai Jiahai Electrical Appliances Partnership Enterprise (Limited Partnership) and Qian Yongguo on March 29, 2021. In the acquisition, Hanyu Group Joint-Stock Co., Ltd. (SZSE:300403) will acquire 99.9% from Shanghai Jiahai Electrical Appliances Partnership Enterprise (Limited Partnership) and 0.1% stake from Qian Yongguo in Wuhu Lejia Electrical Appliances Co., Ltd.
Hanyu Group Joint-Stock Co., Ltd. (SZSE:300403) cancelled the acquisition of Wuhu Lejia Electrical Appliances Co., Ltd. from Shanghai Jiahai Electrical Appliances Partnership Enterprise (Limited Partnership) and Qian Yongguo on June 5, 2021. The parties failed to reach a final consensus on this acquisition and could not sign a formal acquisition agreement.
Hanyu Group Joint Stock Co Ltd is a China-based company principally engaged in the research, development, production and sales of high-efficiency and energy-saving household appliance drainage pumps. The Company operates three business sectors. Appliance Accessories' main products comprise energy-saving household appliance drain pumps, including standard drain pumps, condensate pumps and washing circulation pumps. Terminal Appliancesâ main products are the Deere Spa Toilet and the Minox Light Spa Toilet. New Energy Vehicle Components mainly include electronic water pumps, charging piles and micro-charging series products. The company is also engaged in the research, development, manufacturing and sale of specialty engineering plastics poly aryl ether sulfone and upstream raw materials. The Company conducts its businesses in the domestic market and overseas markets.
HANYU GROUP JOINT-STOCK CO., LTD. 
