Zhongyifeng Holding Group Co., Ltd. completed the acquisition of Suzhou Mingheng Metal Material Technology Co., Ltd. from ZYF Lopsking Aluminum Co., Ltd..
April 06, 2023
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Zhongyifeng Holding Group Co., Ltd. signed an agreement to acquire Suzhou Mingheng Metal Material Technology Co., Ltd. from ZYF Lopsking Aluminum Co., Ltd. (SZSE:002333) for CNY 61 million on March 28, 2023. As per the agreement, Zhongyifeng Holding Group agrees to pay 55% of the total contract price within 10 working days after the signing of this agreement, that is, CNY 33.55 million. Zhongyifeng Holding Group shall pay remaining 45% of the equity transfer price, which is CNY 27.45 million before June 30, 2024. Suzhou Mingheng Metal Material Technology has reported total assets of CNY 110.761494 million and net assets of CNY 46.340501 million at the end of February 2023. The board of ZYF Lopsking Aluminum has approved the deal on March 28, 2023. As of April 6, 2023, , Zhongyifeng already paid CNY 33.55 million of the transfer price.
Zhongyifeng Holding Group Co., Ltd. completed the acquisition of Suzhou Mingheng Metal Material Technology Co., Ltd. from ZYF Lopsking Aluminum Co., Ltd. (SZSE:002333) on April 6, 2023.
ZYF Lopsking Material Technology Co Ltd, formerly ZYF Lopsking Aluminum Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of aluminum alloy casting rods, aluminum building profiles, aluminum alloy doors and windows. The Company is also engaged in material sales, building intelligent construction and other related businesses around the smart city. The Company's smart city related businesses mainly include smart building, smart medical treatment, smart education, smart transportation, smart cultural tourism, smart elderly care and others.
Zhongyifeng Holding Group Co., Ltd. completed the acquisition of Suzhou Mingheng Metal Material Technology Co., Ltd. from ZYF Lopsking Aluminum Co., Ltd..