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.
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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. for CNY 59.6 million.