Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. completed the acquisition of 61.6% stake in China Better Life Group from from a group of sellers.
January 09, 2017
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Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. (SZSE:002223) signed the share transfer agreement to acquire 61.6% stake in China Better Life Group from a group of sellers for approximately CNY 860 million on November 15, 2016. Under the terms of transaction Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. will acquire 8.8% from Bian Xuelian and 4% stake from Jiangsu Yida. As of December 31, 2015, China Better Life reported total assets of CNY 359.65 million, net assets of CNY 260.21 million, revenue of CNY 282.7 million, operating profit of CNY 59.29 million and net profit of CNY 50.98 million. The transaction is subject to approval of the shareholders of Jiangsu Yuyue Medical Equipment & Supply Co. As on November 15, 2016, the Board of Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. approved the transaction. As on December 1, 2016, the shareholders of Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. approved the transaction.
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. (SZSE:002223) completed the acquisition of 61.6% stake in China Better Life Group from a group of sellers on January 10, 2017.
CHENGTUN MINING GROUP CO.LTD is a China-based company, principally engaged in the trading and mining-dressing of nonferrous metal products. The Company is engaged in the mining of copper, tin, tungsten, zinc, lead, gold and silver, as well as minerals and non-ferrous metals integrated trading business. The Company is also engaged in industrial value-added services business, including geological exploration, evaluation of resources value and inventory management, among others.
CHENGTUN MINING GROUP CO., LTD. 
