Zhaoxin Energy Investment Co., Ltd. signed an agreement to acquire 24% stake in Henan Oriental Silver Star Investment Co.Ltd from Jinzhong Dongxin Building Materials Trade Co., Ltd. for CNY 2.2 billion.
Zhaoxin Energy Investment (Shanghai) Co., Ltd. signed an agreement to acquire 24% stake in Henan Oriental Silver Star Investment Co.Ltd (SHSE:600753) from Jinzhong Dongxin Building Materials Trade Co., Ltd. for CNY 2.2 billion on January 9, 2017. Under the acquisition, Zhaoxin Energy Investment (Shanghai) Co., Ltd. acquires 31 million shares at a 71.61 per share. After the acquisition, Jinzhong Dongxin Building Materials Trade Co., Ltd. will then hold 10.24 million shares.