Henan Lechu Logistics Service Co., Ltd. acquired 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. for approximately CNY 200 million.
November 24, 2020
Share
Henan Lechu Logistics Service Co., Ltd. acquired 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) for approximately CNY 200 million on November 23, 2020. The transaction has been deliberated and approved at the thirty seventh meeting of the eighth directorate.
Henan Lechu Logistics Service Co., Ltd. completed the acquisition of 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) on November 23, 2020.
China Storage Development Co., Ltd. is a Chinese company mainly engaged in warehousing and logistics business. The company's business covers futures and spot delivery logistics, 'warehousing +' supply chain, Internet + logistics, Internet of Things, multimodal transport, consumer goods logistics, engineering logistics, international freight forwarding and other fields. The company's products include 'China Storage Steel Super' for integrated services such as trading, warehousing, transportation, processing, information consulting, marketing, and finance, and 'Huoduibao', a supply chain collaboration service platform.
Henan Lechu Logistics Service Co., Ltd. acquired 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. for approximately CNY 200 million.
CMST DEVELOPMENT CO.,LTD. 
