Shenzhen Zhongkechuang Asset Management Co., Ltd. completed the acquisition of 12.87% stake in Suzhou Hesheng Special Material Co.,Ltd. from Zhao Dongming, Zhang Wenhua and Jiang Xueyuan.
July 19, 2015
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Shenzhen Zhongkechuang Asset Management Co., Ltd. signed an agreement to acquire 12.87% stake in Suzhou Hesheng Special Material Co.,Ltd. (SZSE:002290) from Zhao Dongming, Zhang Wenhua and Jiang Xueyuan for approximately CNY 540 million on May 8, 2015. Shenzhen Zhongkechuang Asset Management acquired 20.8 million shares from Zhao Dongming, 3.82 million from Zhang Wenhua and 2.5 million from Jiang Xueyuan. Zhao Dongming to hold 29.8% stake, down from 39.68%.
Shenzhen Zhongkechuang Asset Management Co., Ltd. completed the acquisition of 12.87% stake in Suzhou Hesheng Special Material Co.,Ltd. (SZSE:002290) from Zhao Dongming, Zhang Wenhua and Jiang Xueyuan on July 20, 2015.
Suzhou Hesheng Special Material Co Ltd, formerly Suzhou China Create Special Material Co Ltd, is a China-based company principally engaged in the research, development, manufacture and sale of composite materials for surface components of home appliances. The Companyâs products portfolio consists of pre-coated metal (PCM) sheets, which are used as skin plate materials and side and back plate materials for home appliances, including refrigerators and washing machines, and vinyl coated metal (VCM) sheets, which are used as skin plate materials for home appliances, including refrigerators, washing machines and electrical heating machines. Through its subsidiaries, the Company is also engaged in the research, development, manufacture and sale of coating composite materials. The Company distributes its products within domestic market and to overseas markets.
Shenzhen Zhongkechuang Asset Management Co., Ltd. completed the acquisition of 12.87% stake in Suzhou Hesheng Special Material Co.,Ltd. from Zhao Dongming, Zhang Wenhua and Jiang Xueyuan.
SUZHOU HESHENG SPECIAL MATERIAL CO., LTD. 
