Nanchuan Xinhuo No. 3 Private Securities Investment Fund managed by Guangdong Nanchuan Private Equity Fund Management Co., Ltd. acquired 5% stake in Guangdong Huiyun Titanium Industry Co., Ltd. from Chao Yang Investment Inc for CNY 161.2 million
April 16, 2024
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Nanchuan Xinhuo No. 3 Private Securities Investment Fund managed by Guangdong Nanchuan Private Equity Fund Management Co., Ltd. agreed to acquire 5% stake in Guangdong Huiyun Titanium Industry Co., Ltd. (SZSE:300891) from Chao Yang Investment Inc for CNY 161.2 million on December 21, 2023. The offer price per share is CNY 8.06 for 20 million of Guangdong Huiyun Titanium Industry Co., Ltd. Within 10 working days after the agreement, the buyer shall pay the seller the amount of CNY 34.2 million. Within 8 months after the issuance of the confirmation documents by the Shenzhen Stock Exchange, the buyer shall pay the seller the remaining balance of the equity transfer price. This share transfer agreement still needs to acquire the compliance review confirmation opinion of the Shenzhen Stock Exchange and needs to process share transfer registration procedures in the China Securities Depository and Clearing Corporation Limited Shenzhen branch.
Nanchuan Xinhuo No. 3 Private Securities Investment Fund managed by Guangdong Nanchuan Private Equity Fund Management Co., Ltd. completed the acquisition of 5% stake in Guangdong Huiyun Titanium Industry Co., Ltd. (SZSE:300891) from Chao Yang Investment Inc on Apirl 16, 2023. The "Confirmation of Securities Transfer Registration" issued by China Securities Depository and Clearing Corporation Shenzhen Branch was received on April 17, 2024.
Guangdong Hui Yun Titanium Industry Co Ltd is a China-based company mainly engaged in the research and development, production and sales of titanium dioxide products. The Company's main products include rutile titanium dioxide and anatase titanium dioxide. The Company's products are mainly applied in plastics, coating, ink and rubber fields. The Company also engages in the production and sales of sulfuric acid. The Company distributes its products in domestic market and to overseas markets such as Portugal, Russia, Singapore, South Korea, Malaysia and Vietnam.
Nanchuan Xinhuo No. 3 Private Securities Investment Fund managed by Guangdong Nanchuan Private Equity Fund Management Co., Ltd. acquired 5% stake in Guangdong Huiyun Titanium Industry Co., Ltd. from Chao Yang Investment Inc for CNY 161.2 million