Tibet Jiadu Venture Capital Management Co., Ltd., Guangzhou Qiancheng Technology Information Consulting Partnership Enterprise (Limited Partnership), Kingfa Sci. & Tech. Co., Ltd. and Guangzhou Xiangxue Health Industry Equity Investment Management Co., Ltd. agreed to acquire Guangzhou Jiade Equity Investment Fund Management Co., Ltd. from Guangzhou Jiadu Investment Co., Ltd. and Guangzhou Jiaduhui Technology Enterprise Incubator Co., Ltd. for CNY 30 million.
January 17, 2019
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Tibet Jiadu Venture Capital Management Co., Ltd., Guangzhou Qiancheng Technology Information Consulting Partnership Enterprise (Limited Partnership), Kingfa Sci. & Tech. Co., Ltd. (SHSE:600143) and Guangzhou Xiangxue Health Industry Equity Investment Management Co., Ltd. agreed to acquire Guangzhou Jiade Equity Investment Fund Management Co., Ltd. from Guangzhou Jiadu Investment Co., Ltd. and Guangzhou Jiaduhui Technology Enterprise Incubator Co., Ltd. for CNY 30 million on January 18, 2019. Guangzhou Jiade Equity Investment Fund Management Co., Ltd. reported total assets of CNY 30.6 million, net assets of CNY 27.3 million, revenue of CNY 0 and net loss of CNY 2.6 million for the year 2018. Board of Directors of Xiangxue Pharmaceutical Co., Ltd. (SZSE : 300147) approved the transaction.
Kingfa Sci&Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new chemical materials. The Company is also engaged in the production and sales of medical consumables. The Company's main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins and medical health polymer materials products. The Company's products are widely used in automobiles, home appliances, electronics and electrical engineering, communications electronics, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, high-end equipment, medical health and other industries.
KINGFA SCI. & TECH. CO., LTD. 
