Ningbo Jiayuan Industrial Development Ltd. cancelled the acquisition of additional 25% stake in Haoyun Holdings Group from Harbin High-Tech Co.,Ltd.
December 29, 2020
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Ningbo Jiayuan Industrial Development Ltd. signed an equity transfer agreement to acquire an additional 25% stake in Haoyun Holdings Group from Harbin High-Tech (Group) Co.,Ltd (SHSE:600095) for CNY 98.9 million on December 30, 2019. As of December 31, 2018, Haoyun Holdings Group has revenue of CNY 181.5 million and total assets of CNY 446.5 million. The transaction has been approved by the Board of Directors of Harbin High-Tech (Group) Co.,Ltd. As on January 23, 2020, the deal was approved by shareholders of Harbin High-Tech (Group) Co.,Ltd.
Ningbo Jiayuan Industrial Development Ltd. cancelled the acquisition of additional 25% stake in Haoyun Holdings Group from Harbin High-Tech (Group) Co.,Ltd (SHSE:600095) on December 30, 2020.
XIANGCAI CO., LTD, formerly Harbin High-Tech (Group) Co., Ltd, is a China-based company principally engaged in the real estate business. The Company is also involved in soybean deep processing, pharmaceutical production and waterproofing membrane manufacturing and sales businesses. Its real estate business is engaged in residential and industrial real estates development business, as well as property management business. Its soybean deep processing business provides soybean protein isolate, soybean tissue protein and soybean nutritious food. Its pharmaceutical business is mainly engaged in the production and marketing of thymopeptide enteric-coated tablets and other drugs for the treatment of immune system. Its waterproof coil business is engaged in the manufacture and sales of polyethylene polypropylene fiber coils, load-bearing coil and joint profiles.
XIANGCAI CO.,LTD 
