Xuchang State-Owned Industry Investment Co., Ltd. completed the acquisition of 9.36% stake in Henan Huanghe Whirlwind Co., Ltd. from Henan Huanghe Industry Group Co., Ltd.
January 14, 2024
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Xuchang State-Owned Industry Investment Co., Ltd. agreed to acquire 9.36% stake in Henan Huanghe Whirlwind Co., Ltd. (SHSE:600172) from Henan Huanghe Industry Group Co., Ltd. for approximately CNY 480 million on September 15, 2023. As per the transaction, Xuchang State-Owned Industry Investment Co., Ltd. will acquire 135 million shares at CNY 3.52 per share. As of December 22, 2023, This share transfer still requires compliance confirmation from the Shanghai Stock Exchange and Shanghai Branch of China Securities Depository and Clearing Co., Ltd.
Xuchang State-Owned Industry Investment Co., Ltd. completed the acquisition of 9.36% stake in Henan Huanghe Whirlwind Co., Ltd. (SHSE:600172) from Henan Huanghe Industry Group Co., Ltd. on January 15, 2024.
HENAN HUANGHE WHIRLWIND CO., LTD. is a China-based company primarily engaged in the research and development, production and sales of superhard materials and products. The Company mainly operates through two business segments: the Superhard Materials and Products segment and the Industrial Intelligent segment. The Company's primary products include superhard materials, superhard material products, construction machineries, superhard cutting tools, superhard composite materials and metal powder. Its superhard materials are mainly used for the manufacturing of diamond grinding tools, diamond dressing tools, diamond drilling tools, diamond sawing tools, diamond superhard materials and other products.
Xuchang State-Owned Industry Investment Co., Ltd. completed the acquisition of 9.36% stake in Henan Huanghe Whirlwind Co., Ltd. from Henan Huanghe Industry Group Co., Ltd.