Henan Zhongfu Industrial Co.,Ltd completed the acquisition of a 30% stake in Linzhou Linfeng Aluminium and Power Co., Ltd. from Henan Yulian Energy Group CO., LTD.
June 28, 2022
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Henan Zhongfu Industrial Co.,Ltd (SHSE:600595) agreed to acquire a 30% stake in Linzhou Linfeng Aluminium and Power Co., Ltd. from Henan Yulian Energy Group CO., LTD for CNY 1 billion on May 27, 2022. The total consideration comprises of 30% to be paid within 15 working days after the agreement and remaining 70% before December 31, 2022. The transaction will be funded from own funds of Henan Zhongfu Industrial. Linzhou Linfeng had total assets of CNY 3.46 billion and owner's equity of CNY 2.04 billion as of March 31, 2022. The 4th session of Henan Zhongfu Industrial's 10th directorate approved this transaction and it's still pending shareholders' approval of Henan Zhongfu Industrial. As of June 13, 2022, Henan Zhongfu Industrial shareholders approved the transaction.
Henan Zhongfu Industrial Co.,Ltd (SHSE:600595) completed the acquisition of a 30% stake in Linzhou Linfeng Aluminium and Power Co., Ltd. from Henan Yulian Energy Group CO., LTD on June 29, 2022.
Henan Zhongfu Industrial Co., Ltd is a China-based company principally engaged in the manufacture and distribution of electrolytic aluminum and aluminum products. The Company's products include aluminum bars, wire rods, aluminum alloy sheets, double-zero aluminum foils, and cans, can lids, pull tabs and others. The Company's products are applied in transportation, food and pharmaceutical packaging, printing plate-making and other fields. Through its subsidiaries, the Company is also engaged in domestic and international trading, aluminum products manufacturing and processing, thermal power generation, coal mining and production, as well as urban steam heat supply. The Company conducts its businesses in domestic and overseas markets.
Henan Zhongfu Industrial Co.,Ltd completed the acquisition of a 30% stake in Linzhou Linfeng Aluminium and Power Co., Ltd. from Henan Yulian Energy Group CO., LTD.
HENAN ZHONGFU INDUSTRIAL CO.,LTD 
