Zhaoxin Energy Investment Co., Ltd. cancelled the acquisition to acquire 24% stake in Henan Oriental Silver Star Investment Co.Ltd from Jinzhong Dongxin Building Materials Trade Co., Ltd.
January 12, 2017
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Zhaoxin Energy Investment (Shanghai) Co., Ltd. signed an agreement to acquire 24% stake in Henan Oriental Silver Star Investment Co.Ltd (SHSE:600753) from Jinzhong Dongxin Building Materials Trade Co., Ltd. for CNY 2.2 billion on January 9, 2017. Under the acquisition, Zhaoxin Energy Investment (Shanghai) Co., Ltd. acquires 31 million shares at a 71.61 per share. After the acquisition, Jinzhong Dongxin Building Materials Trade Co., Ltd. will then hold 10.24 million shares.
Zhaoxin Energy Investment (Shanghai) Co., Ltd. cancelled the acquisition to acquire 24% stake in Henan Oriental Silver Star Investment Co.Ltd (SHSE:600753) from Jinzhong Dongxin Building Materials Trade Co., Ltd. on January 13, 2017.
Gengstar Energy Group Co Ltd is a China-based company primarily engaged in commodity supply chain management business. The Company mainly operates two businesses. The commodity supply chain management business mainly engages in the provision of coal and coke and other related products supply chain management service solutions. The charging services business mainly engages in the investment and construction of new energy vehicle charging infrastructure, the development of charging smart platform, charging operation services and other services. The Company mainly operates its businesses within the domestic market.
Zhaoxin Energy Investment Co., Ltd. cancelled the acquisition to acquire 24% stake in Henan Oriental Silver Star Investment Co.Ltd from Jinzhong Dongxin Building Materials Trade Co., Ltd.