Qingdao Hengnuo Shijia Supply Chain Chain Co., Ltd. completed the acquisition of Qingdao Rongjia Security Printing Co., Ltd. from Tatwah Smartech Co.,Ltd.
April 30, 2024
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Qingdao Hengnuo Shijia Supply Chain Chain Co., Ltd. agreed to acquire Qingdao Rongjia Security Printing Co., Ltd. from Tatwah Smartech Co.,Ltd (SZSE:002512) for CNY 130 million on August 19, 2022. Qingdao Hengnuo Shijia Supply Chain Chain Co., Ltd. agreed to acquire Qingdao Rongjia Security Printing Co., Ltd. from Tatwah Smartech Co.,Ltd (SZSE:002512) for CNY 130 million recently. Qingdao Hengnuo Shijia will pay CNY 78 million as the first installment within one month of formal agreement and CNY 52 million as the second and final instalment before November 30, 2022. The total amount also include assumption of CNY 29 million Qingdao Rongjia's debt. As on June 30, 2022, Qingdao Rongjia Security Printing had total assets of CNY 95.9 million and net assets of CNY 50.74 million.
Qingdao Hengnuo Shijia Supply Chain Chain Co., Ltd. completed the acquisition of Qingdao Rongjia Security Printing Co., Ltd. from Tatwah Smartech Co.,Ltd (SZSE:002512) on April 30, 2024.
TATWAH SMARTECH.CO., LTD is a China-based company, principally engaged in the research and development, manufacture and distribution of radio frequency identification (RFID) products. The Company's products include contactless integrated circuit (IC) cards and electronic tags, cache on board (COB) modules and reading and writing modules. In addition, the Company is also engaged in the system integration and safe printing businesses. It distributes its products in domestic and overseas markets.