Boon Rawd Brewery Co., Ltd. cancelled the acquisition of 47% stake in XYP B Co.,Ltd. from Xu Yuan Packaging Technology Co., Ltd..
January 22, 2016 at 11:00 pm
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Boon Rawd Brewery Co., Ltd. agreed to acquire 47% stake in XYP B (Asia) Co.,Ltd. from Xu Yuan Packaging Technology Co., Ltd. (GTSM:8421) on January 23, 2015. Boon Rawd Brewery Co., Ltd. will acquire 9.4 million shares of XYP B (Asia) Co.
Boon Rawd Brewery Co., Ltd. cancelled the acquisition of 47% stake in XYP B (Asia) Co.,Ltd. from Xu Yuan Packaging Technology Co., Ltd. (GTSM:8421) on January 23, 2016.
XU YUAN PACKAGING TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sale of heat shrinkable film printing labels and label equipment. Heat shrinkable film printed labels are used in beverages, food and other packaging. Labeling equipment includes vertical sleeve labeling machines, thin film sleeve labeling machines, bottle cap sleeve labeling machines, shrinking furnaces, labeling machines, palm press, re-inspection machines, and slicers, mainly used in the caps, bottles and safety signs of beverage, food, dairy products, pharmaceuticals, cosmetics and other bottles. The Company also provides polyvinyl chloride (PVC) transparent heat shrinkable film and PVC heat shrinkable rubber pellets.
XU YUAN PACKAGING TECHNOLOGY CO., LTD. 
