Zhejiang Huayue Enterprise Management Co., Ltd. completed the acquisition of Qinghai Huzhu Jinyuan Cement Co., Ltd. from Jinyuan EP Co., Ltd..
September 20, 2022
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Zhejiang Huayue Enterprise Management Co., Ltd. agreed to acquire Qinghai Huzhu Jinyuan Cement Co., Ltd. from Jinyuan EP Co., Ltd. (SZSE:000546) for CNY 1.724 billion on June 12, 2022. The transaction price of delisting was CNY 1.724 billion . Undertake payables of CNY 1.342 billion, that is, after the completion of this equity transfer transaction, the actual transfer amount obtained by the company is CNY 3.0664 billion. In 2021, Qinghai recorded total assets of CNY 4,692.83 million, Net profit of CNY 230.22 million and EBIT of CNY 2,463.53 million Transaction is subject to Jinyuan EP board approval.
Zhejiang Huayue Enterprise Management Co., Ltd. completed the acquisition of Qinghai Huzhu Jinyuan Cement Co., Ltd. from Jinyuan EP Co., Ltd. (SZSE:000546) on September 20, 2022.
Jinyuan EP Co.,Ltd. is a China-based company mainly engaged in the manufacture and sales of building materials, as well as environmental protection business. The Company is engaged in the manufacture and sales of clinker, cement and commercial concrete. The Company is also engaged in comprehensive utilization and harmless disposal of solid and hazardous waste resources. The Company mainly conducts its businesses in domestic markets, including Jiangxi, Qinghai and Guangdong provinces, as well as Tibet Autonomous Region and others.