Yongjin Luanhai No. 1 Private Securities Investment Fund, managed by Shanghai Yongjin Investment Management Co., Ltd., signed a share transfer agreement to acquire 5.5% stake in Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. from China Traditional Food Investment Limited for approximately CNY 150 million.
November 12, 2020
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Yongjin Luanhai No. 1 Private Securities Investment Fund, managed by Shanghai Yongjin Investment Management Co., Ltd., signed a share transfer agreement to acquire 5.5% stake in Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. (SZSE:002820) from China Traditional Food Investment Limited for approximately CNY 150 million on November 11, 2020. As per the terms, Yongjin Luanhai No. 1 Private Securities Investment Fund will acquire 11.3 million shares of Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. at a price of CNY 13.5 per share. The transfer price has not yet been paid. Post acquisition, Yongjin Luanhai No. 1 Private Securities Investment Fund will hold 5.5% stake in Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd.
Tianjin Guifaxiang 18th Street Mahua Food Co Ltd is a China-based company principally engaged in the research and development, production and distribution of Chinese traditional food and other snack food. The Companyâs products mainly include fried dough twist, pastry, moon cake, traditional sweet dumpling, rice dumpling, chestnut, as well as nuts, among others. The Company mainly distributes its products within domestic market, with Tianjin as its major market.
Yongjin Luanhai No. 1 Private Securities Investment Fund, managed by Shanghai Yongjin Investment Management Co., Ltd., signed a share transfer agreement to acquire 5.5% stake in Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. from China Traditional Food Investment Limited for approximately CNY 150 million.
TIANJIN GUIFAXIANG 18TH STREET MAHUA FOOD CO.,LTD. 
