Shanghai Zhongcai Engineering Inspection Co., Ltd. and China Building Material Test & Certification Group Co., Ltd. (SHSE:603060) agreed to acquire 55% stake in Anhui Yuanzheng Engineering Inspection Technology Co., Ltd. from Henan Zhaoting Enterprise Management Partnership for CNY 45.1 million on November 5, 2021. As per the transaction, Shanghai Zhongcai Engineering Inspection Co., Ltd. will acquire 51% stake for CNY 41.8 million and China Building Material Test & Certification Group Co., Ltd. will acquire 4% stake for CNY 3.3 million of Anhui Yuanzheng Engineering Inspection Technology Co., Ltd. As on July 31, 2021, Anhui Yuanzheng Engineering Inspection Technology Co., Ltd. generated total assets of CNY 56.8 million and net assets of CNY 20.5 million. The transaction is approved by board of directors of China Building Material Test & Certification Group Co., Ltd.
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- Shanghai Zhongcai Engineering Inspection Co., Ltd. and China Building Material Test & Certification Group Co., Ltd. agreed to acquire 55% stake in Anhui Yuanzheng Engineering Inspection Technology Co., Ltd. from Henan Zhaoting Enterprise Management Partnership for CNY 45.1 million.