JinFu Technology Co., Ltd. agreed to acquire Guilin Xiangzhao Technology Co., Ltd. from Wu Zhaohui, Lan Yongfu, Long Xuanxian and Long Kexuan for approximately CNY 130 million.
July 12, 2021
Share
JinFu Technology Co., Ltd. (SZSE:003018) agreed to acquire Guilin Xiangzhao Technology Co., Ltd. from Wu Zhaohui, Lan Yongfu, Long Xuanxian and Long Kexuan for approximately CNY 130 million on July 9, 2021. The consideration will be paid in tranches. Guilin Xiangzhao Technology Co., Ltd. reported total assets of CNY 107.2 million and net assets of CNY 46.2 million as of April 30, 2021. The transaction is subject to approval from shareholders of JinFu Technology Co., Ltd. The transaction is approved by the Board of JinFu Technology Co., Ltd.
JinFu Technology Co Ltd is a company engaged in research and development, production and sales of plastic packaging products. The Company's products are mainly comprised of plastic anti-theft bottle caps and handles. The plastic anti-theft bottle caps products include 3025 plastic bottle caps, 2925 plastic bottle caps and 38 plastic bottle caps, as well as no-splash caps. The products are applied in bottled mineral water, bottled drinking water and bottled functional drinks. The handles products include handles for 1.555L bottled beverages and handles for 4.5L barreled beverages. The Company also provides two-piece bottle caps used for soy sauce bottles, valve bottle caps and nozzle bottle caps used for edible oil, as well as switch caps and terminal rubber caps for air-conditioning compressors.
JinFu Technology Co., Ltd. agreed to acquire Guilin Xiangzhao Technology Co., Ltd. from Wu Zhaohui, Lan Yongfu, Long Xuanxian and Long Kexuan for approximately CNY 130 million.
JINFU TECHNOLOGY CO., LTD. 
