Yibin Tianyuan Packaging Co., Ltd. signed non-disclosure agreement to acquire 37% stake in Sichuan Tianyuan Eternal Asia Supply Chain Co., Ltd. from Yibin Tianyuan Group Co., Ltd. for CNY 22.1 million.
January 30, 2021
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Yibin Tianyuan Packaging Co., Ltd. signed non-disclosure agreement to acquire 37% stake in Sichuan Tianyuan Eternal Asia Supply Chain Co., Ltd. from Yibin Tianyuan Group Co., Ltd. (SZSE:002386) for CNY 22.1 million on January 31, 2021. The consideration will be paid in cash. Post closing of the transaction, Yibin Tianyuan Group will hold 14% stake in Sichuan Tianyuan Eternal Asia Supply Chain. As of September 30, 2021, Sichuan Tianyuan Eternal Asia Supply Chain reported net assets of CNY 65.59 million, total liabilities of CNY 20.37 million and total assets of CNY 85.95 million. The transaction has been approved by the Yibin Tianyuan Packaging management and does not need to be submitted to the board of directors for review.
YIBIN TIANYUAN GROUP CO., LTD. is principally engaged in the production and distribution of chlor-alkali chemicals. The Company's main products include suspension polyvinyl chloride (SPVC), hydrazine hydrate, caustic soda, sodium tripolyphosphate, cement and others. Through it subsidiaries, the Company is involved in the logistics, transportation and trading businesses. The Company distributes its products mainly in domestic markets.
Yibin Tianyuan Packaging Co., Ltd. signed non-disclosure agreement to acquire 37% stake in Sichuan Tianyuan Eternal Asia Supply Chain Co., Ltd. from Yibin Tianyuan Group Co., Ltd. for CNY 22.1 million.