Monalisa Group CO.,Ltd completed the acquisition of Gaoan Zhimei Shande New Material Co., Ltd., from Jiangxi Pujing Ceramics Co., Ltd.
February 08, 2021
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Monalisa Group CO.,Ltd (SZSE:002918) signed a share acquisition framework agreement to acquire Gaoan Zhimei Shande New Material Co., Ltd., from Jiangxi Pujing Ceramics Co., Ltd., on December 31, 2020. Monalisa Group CO.,Ltd signed a share acquisition agreement to acquire 58.97% stake in Gaoan Zhimei Shande New Material Co., Ltd. from Jiangxi Pujing Ceramics Co., Ltd., for approximately CNY 400 million on February 7, 2021. For the year ended December 31, 2020, Gaoan Zhimei Shande New Material Co., Ltd., had total assets of CNY 633.8986 million, net assets of CNY 633.7136 million, nil revenue and net loss of CNY 0.1718 million. The transaction was approved by the 34th session of Monalisa Group CO.,Ltd’s 2nd directorate on February 7, 2021.
Monalisa Group CO.,Ltd (SZSE:002918) completed the acquisition of Gaoan Zhimei Shande New Material Co., Ltd., from Jiangxi Pujing Ceramics Co., Ltd., on February 9, 2021. In a related transaction, Monalisa Group CO.,Ltd also subscribes 250 million worth of new shares of Gaoan Zhimei Shande New Material Co., Ltd. Now, Monalisa Group CO.,Ltd holds 70% stake in Gaoan Zhimei Shande New Material Co., Ltd.
Monalisa Group Co., Ltd. is a China-based company principally involved in the research, development, manufacture and sales of high-quality building ceramic products. The Company operates through two main segments. The Main Business segment is primarily involved in the production and sales of building ceramic products. The Companyâs main products include porcelain tiles, ceramic plates and thin bricks. The Other Business segment is mainly engaged in the lease of houses and sales of scraps.
MONALISA GROUP CO.,LTD 
