Haicheng Huayu High Temperature Refractory Furnace Charge Co., Ltd. completed the acquisition of remaining 51% stake in Haicheng Linli Mining Co., Ltd. from Puyang Refractories Group Co., Ltd..
February 12, 2022
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Haicheng Huayu High Temperature Refractory Furnace Charge Co., Ltd. signed share transfer agreement to acquire remaining 51% stake in Haicheng Linli Mining Co., Ltd. from Puyang Refractories Group Co., Ltd. (SZSE:002225) for CNY 59.6 million on January 24, 2022. As of December 31, 2021, Haicheng Linli Mining Co., Ltd. generated total asset of CNY 117.1 million, owner's equity of CNY 106.7 million, revenue of CNY 68.8 million, operating loss of CNY 8.9 million and net loss of CNY 6.8 million. The transaction is approved by board of directors of Puyang Refractories Group Co., Ltd.
Haicheng Huayu High Temperature Refractory Furnace Charge Co., Ltd. completed the acquisition of remaining 51% stake in Haicheng Linli Mining Co., Ltd. from Puyang Refractories Group Co., Ltd. (SZSE:002225) on February 12, 2022.
PUYANG REFRACTORIES GROUP CO., LTD. is a China-based company primarily engaged in manufacture and sale of refractory materials. The Company produces functional refractory, shaped refractory and unshaped refractory materials, which are used in industries of iron and steel, non-ferrous metal, electric power and casting. It distributes its products within domestic market and to overseas markets.
Haicheng Huayu High Temperature Refractory Furnace Charge Co., Ltd. completed the acquisition of remaining 51% stake in Haicheng Linli Mining Co., Ltd. from Puyang Refractories Group Co., Ltd..
PUYANG REFRACTORIES GROUP CO., LTD. 
