Shanghai Hongtong Enterprise Development Co., Ltd. agreed to acquire Qingdao Huihong Shengshi Property Co., Ltd. from Transfar Zhilian Co., Ltd. for approximately CNY 690 million.
June 10, 2022
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Shanghai Hongtong Enterprise Development Co., Ltd. agreed to acquire Qingdao Huihong Shengshi Property Co., Ltd. from Transfar Zhilian Co., Ltd. (SZSE:002010) for approximately CNY 690 million on June 10, 2022. Before July 31, 2022, the Shanghai Hongtong Enterprise Development Co., Ltd. shall pay CNY 377.5 million. Before September 30, 2022, the Shanghai Hongtong Enterprise Development Co., Ltd. shall pay CNY 80 million. Before November 30, 2022, the Shanghai Hongtong Enterprise Development Co., Ltd. shall pay the remaining CNY 235.8 million. As on May 31, 2022, Qingdao Huihong Shengshi Property had total assets of CNY 910 million and net assets of CNY 49.78 million. The transaction has been approved by the board of Transfar Zhilian Co., Ltd.
Transfar Zhilian Co., Ltd., formerly Zhejiang Transfar Co., Ltd. is a China-based company principally engaged in the manufacture and distribution of special chemical products, as well as the provision of logistics information services and the development of related software. The Companyâs products mainly include textile dyeing auxiliaries, chemical oil agents for leather, fuel and butadiene rubber. The Company is also involved in the trading of fuel and tire as well as the provision warehousing, hotel rental, as well as transportation services. The Company mainly distributes its products within domestic markets, with eastern China as its major market.
Shanghai Hongtong Enterprise Development Co., Ltd. agreed to acquire Qingdao Huihong Shengshi Property Co., Ltd. from Transfar Zhilian Co., Ltd. for approximately CNY 690 million.
TRANSFAR ZHILIAN CO., LTD. 
