Sichuan Xinjinlu Group Co., Ltd. cancelled the acquisition of 8.27% stake in Anhui Tianbing Electronic Technology Co., Ltd. from Jin Chengren.
June 02, 2024
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Sichuan Xinjinlu Group Co., Ltd. (SZSE:000510) signed a Share Transfer Agreement to acquire a 8.27% stake in Anhui Tianbing Electronic Technology Co., Ltd. from Jin Chengren for CNY 33.1 million recently. In a related transaction, Sichuan Xinjinlu Group signed a Share Transfer Agreement to acquire a 45.28% stake in Anhui Tianbing Electronic Technology Co., Ltd. from group of sellers for CNY 267.2 million. As of March 31, 2023, Anhui Tianbing Electronic reported Total Assets of CNY 416.6 million and Net Assets of CNY 204.05 million.
Sichuan Xinjinlu Group Co., Ltd. (SZSE:000510) cancelled the acquisition of 8.27% stake in Anhui Tianbing Electronic Technology Co., Ltd. from Jin Chengren on June 3, 2024.
SICHUAN XINJINLU GROUP CO., LTD formerly SICHUAN JINLU GROUP CO., LTD. is a China-based company principally engaged in the production and sales of chemical products. The Company's main products include polyvinyl chloride (PVC) resins, caustic soda and other products. The PVC resins are mainly used in the construction, packaging, power cables and other industries. The caustic soda products are mainly used in the light industry, textile, agriculture, building materials and electronics fields. The Company mainly operates its businesses in the Southwest of China.