Yonggao Co., Ltd. cancelled the acquisition of Tianjin Dalian Fine Pipe Fitting Co., Ltd. from Kankoku Daihasu Seiko Co., Ltd.
January 06, 2014 at 04:00 am
Share
Yonggao Co., Ltd. (SZSE:002641) signed letter of intent to acquire Tianjin Dalian Fine Pipe Fitting Co., Ltd. from Kankoku Daihasu Seiko Co., Ltd. for CNY 32.8 million on June 21, 2013.
Yonggao Co., Ltd. (SZSE:002641) cancelled the acquisition of Tianjin Dalian Fine Pipe Fitting Co., Ltd. from Kankoku Daihasu Seiko Co., Ltd. on January 6, 2014. The transaction was cancelled as to avoid potential legal, financial and operational risks arising from the acquisition.
Era Co Ltd, formerly Yonggao Co Ltd, is a China-based company mainly engaged in the manufacture of plastic pipes. The Company operates in three segments. Plastic Pipe segment is mainly engaged in the research and development, production and sales of polyvinyl chloride (PVC), polyethylene (PE) and random copolymer polypropylene (PP-R) plastic pipes. Electrical Switches segment is mainly engaged in the development and production of electrical switches and other home appliances. Solar Energy segment is mainly engaged in the research and development, production and sales of photovoltaic energy-saving products such as solar cell modules and photovoltaic power generation systems. The Company's products are mainly used for water supply, drainage, municipal engineering water supply, drainage and sewage, photovoltaic power generation, smart home and so on.
ERA CO., LTD. 
