Qingdao Development Zone Investment Construction Group Co., Ltd. entered into a Share Transfer Agreement to acquire 3.38% stake in Xi'an Manareco New Materials Co.,Ltd from Ningbo Guofu Yongyu Investment Partnership Enterprise (Limited Partnership) managed by Ningbo Capital Edge Innovation Investment Management Co., Ltd. and Ningbo Capital Edge Innovation Investment Management Co., Ltd for approximately CNY 260 million.
May 10, 2024
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Qingdao Development Zone Investment Construction Group Co., Ltd. entered into a Share Transfer Agreement to acquire 3.38% stake in Xi'an Manareco New Materials Co.,Ltd (SHSE:688550) from Ningbo Guofu Yongyu Investment Partnership Enterprise (Limited Partnership) managed by Ningbo Capital Edge Innovation Investment Management Co., Ltd. and Ningbo Capital Edge Innovation Investment Management Co., Ltd for approximately CNY 260 million on May 10, 2024. In related transaction Qingdao Development Zone Investment Construction Group will acquire stakes from Fuqing Zhuoshi Hengli Venture Capital Management and Liu Xiaochun.
XiAn Manareco New Materials Co Ltd, formerly XI an Manareco New Materials Co Ltd, is a China-based company mainly engaged in research and development, production and sales of special organic new materials. The Company's main products include organic light-emitting diode (OLED) materials, monomer liquid crystals and innovative drug intermediates. Its products are used in the production of OLED terminal materials, mixed liquid crystals and active pharmaceutical ingredients. The Company operates its businesses within the domestic market and to overseas markets such as Japan, Germany and South Korea.
Qingdao Development Zone Investment Construction Group Co., Ltd. entered into a Share Transfer Agreement to acquire 3.38% stake in Xi'an Manareco New Materials Co.,Ltd from Ningbo Guofu Yongyu Investment Partnership Enterprise (Limited Partnership) managed by Ningbo Capital Edge Innovation Investment Management Co., Ltd. and Ningbo Capital Edge Innovation Investment Management Co., Ltd for approximately CNY 260 million.
XI'AN MANARECO NEW MATERIALS CO.,LTD 
