Vanfund Urban Investment and Development Co., Ltd. completed the acquisition of 10% stake in Vanfund Wealth Investment Management Co., Ltd. from Beijing Tianhua Junze Capital Management Co., Ltd. and Beijing Daojiehang Investment Advisory Co., Ltd.
January 21, 2017
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Vanfund Urban Investment and Development Co., Ltd. (SZSE:000638) signed share transfer agreement to acquire 10% stake in Vanfund Wealth Investment Management Co., Ltd. from Beijing Tianhua Junze Capital Management Co., Ltd. and Beijing Daojiehang Investment Advisory Co., Ltd. for CNY 6 million on December 26, 2016. For the year ended September 30, 2016, Vanfund Wealth Investment Management reported total assets of CNY 0.26 million, negative net assets of CNY 0.58 million, revenue of CNY 1.38 million, operating loss of CNY 0.58 million and net loss of CNY 0.58 million.
Vanfund Urban Investment and Development Co., Ltd. (SZSE:000638) completed the acquisition of 10% stake in Vanfund Wealth Investment Management Co., Ltd. from Beijing Tianhua Junze Capital Management Co., Ltd. and Beijing Daojiehang Investment Advisory Co., Ltd on January 22, 2017.
Vanfund Urban Investment and Development Co Ltd is a China-based company primarily engaged in the military business, agricultural business and biological health business. The Company mainly operates three business sectors. The military business sector is engaged in the development, industrialization and promotion of electronic packaging new materials and products including high silicon aluminum alloys, gradient silicon aluminum composite materials and heterogeneous structural functional materials, and precision processing and special welding manufacturing of metal functional parts. The agricultural business sector is engaged in the grain storage, grain processing, grain sales, brand creation and others. The biological health sector is engaged in the research and development and sales of astaxanthin eggs and skin care products. The Company conducts its business in the domestic market.
Vanfund Urban Investment and Development Co., Ltd. completed the acquisition of 10% stake in Vanfund Wealth Investment Management Co., Ltd. from Beijing Tianhua Junze Capital Management Co., Ltd. and Beijing Daojiehang Investment Advisory Co., Ltd.
VANFUND URBAN INVESTMENT AND DEVELOPMENT CO., LTD. 
