ShenZhen YUTO Packaging Technology Co., Ltd. agreed to acquire a 60% stake in Shenzhen Huabaoli Electronics Co., Ltd. from Gongqingcheng Junjue Investment Partnership (Limited Partnership) and Shanghai Kaiyi Business Service Partnership (Limited Partnership) for CNY 240 million.
July 22, 2022
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ShenZhen YUTO Packaging Technology Co., Ltd. (SZSE:002831) agreed to acquire a 60% stake in Shenzhen Huabaoli Electronics Co., Ltd. from Gongqingcheng Junjue Investment Partnership (Limited Partnership) and Shanghai Kaiyi Business Service Partnership (Limited Partnership) for CNY 240 million on July 21, 2022. The transaction has been approved by board of directors of ShenZhen YUTO Packaging Technology Co., Ltd. (SZSE:002831) and received regulatory approvals.
ShenZhen YUTO Packaging Technology Co., Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of paper printing packaging products. The Companyâs products mainly include gift boxes, instructions, cardboard boxes, as well as stickers, among others. Its products are mainly applied in the mobile intelligent terminals, laptops, game machines, liquid crystal displays, computer peripheral equipment, digital electronic products, tobacco and alcohol products, cosmetics as well as luxury products. The Company distributes its products within domestic market and to overseas markets.
ShenZhen YUTO Packaging Technology Co., Ltd. agreed to acquire a 60% stake in Shenzhen Huabaoli Electronics Co., Ltd. from Gongqingcheng Junjue Investment Partnership (Limited Partnership) and Shanghai Kaiyi Business Service Partnership (Limited Partnership) for CNY 240 million.
SHENZHEN YUTO PACKAGING TECHNOLOGY CO., LTD. 
