Shandong Huapeng Glass Co.,Ltd. cancelled the acquisition of remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping.
June 24, 2021
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Shandong Huapeng Glass Co.,Ltd. (SHSE:603021) agreed to acquire remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping for CNY 28.6 million on December 29, 2020. Shandong Huapeng Glass will issue shares as consideration for the transaction. Shandong Tianyuan Information Technology has total assets of CNY 457.3 million and net assets of CNY 298.6 million as of October 31, 2020 and has generated revenue of CNY 215.2 million and net profit of CNY 45.08 million for the year ended December 31, 2019. The transaction is subject to shareholders of Shandong Huapeng Glass and CSRC. The transaction has been approved by the Board of Directors of Shandong Huapeng Glass.
Shandong Huapeng Glass Co.,Ltd. (SHSE:603021) cancelled the acquisition of remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping on June 25, 2021. On June 25, 2021, at the 8th meeting of the 7th Board of Supervisors of Shandong Huapeng Glass Co.,Ltd. approved the termination.
Shangdong Huapeng Glass Co., Ltd. is a China-based company engaged in the research and development, manufacture and sale of glass products. Its products include glass containers and glassware. Glass containers are used as containers of drinks and beverage, food flavorings, medicine and others. The glassware's finished products are glass goblets.
Shandong Huapeng Glass Co.,Ltd. cancelled the acquisition of remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping.