Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) agreed to acquire 60% of stake in Chinatex Advertising & Exhibition Co., Ltd. from Chinatex Corporation Limited for CNY 29.9 million on January 18, 2022. Zhejiang Meorient has paid a deposit of CNY 8,970,000.
Within 5 working days after the contract becomes effective, Zhejiang Meorient will make a one-time payment.

Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) completed the acquisition of 60% of stake in Chinatex Advertising & Exhibition Co., Ltd. from Chinatex Corporation Limited on March 10, 2022.