IKD Co., Ltd. completed the acquisition of 40% stake in Shenzhen Silver Basis Diecasting Technology Co., Ltd. from Shenzhen Silver Basis Technology Co., Ltd..
June 22, 2020
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IKD Co., Ltd. (SHSE:600933) signed a share transfer agreement to acquire 40% stake in Shenzhen Silver Basis Diecasting Technology Co., Ltd. from Shenzhen Silver Basis Technology Co., Ltd. (SZSE:002786) for CNY 18 million on June 18, 2020. In a related transaction, IKD Co., Ltd. signed a share transfer agreement to acquire 11% stake in Shenzhen Silver Basis Diecasting Technology Co., Ltd from Mai Guoming for CNY 4.95 million. As a result of the transaction, Shenzhen Silver will retain 11% stake in Shenzhen Silver Basis and IKD Co., will own 51% in Shenzhen Silver after both the transactions. For the year ending December 31, 2019, Shenzhen Silver Basis Diecasting reported total assets of CNY 95.59 million, net assets of CNY 3.13 million, revenues of CNY 117.76 million, and net loss of CNY 1.34 million.
IKD Co., Ltd. (SHSE:600933) completed the acquisition of 40% stake in Shenzhen Silver Basis Diecasting Technology Co., Ltd. from Shenzhen Silver Basis Technology Co., Ltd. (SZSE:002786) on June 23, 2020.
SHENZHEN SILVER BASIS TECHNOLOGY CO., LTD. is a China-based supplier of precision injection molds and precision structural components. The Company is mainly engaged in the development, design, manufacturing and sales of large-scale precision injection molds. The Company's main products include molds and equipment, automotive parts, precision structural components for Computer, Communication and Consumer Electronics (3C) products, injection molds and hardware, among others. The Company distributes its products in domestic market and to overseas markets.
SHENZHEN SILVER BASIS TECHNOLOGY CO., LTD. 