Shandong Jindu State-owned Capital Investment Group Co., Ltd. completed the acquisition of a 26.64% stake in Baoding Technology Co., Ltd. from Zhaojin Group Co., Ltd.
August 27, 2023
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Shandong Jindu State-owned Capital Investment Group Co., Ltd. agreed to acquire a 26.64% stake in Baoding Technology Co., Ltd. (SZSE:002552) from Zhaojin Group Co., Ltd. for CNY 2.1 billion on June 11, 2023.
Shandong Jindu State-owned Capital Investment Group Co., Ltd. completed the acquisition of a 26.64% stake in Baoding Technology Co., Ltd. (SZSE:002552) from Zhaojin Group Co., Ltd. on August 28, 2023.
Baoding Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of electronic copper foil and copper-clad laminates. The Company operates primarily through four segments. The Forgings and Castings segment is mainly engaged in the manufacturing and sales of large-scale castings and forgings. The Copper Foil and Copper Clad Laminate segment is mainly engaged in the research and development, production and sales of electronic copper foil and copper clad laminates. The Gold Mining segment is mainly engaged in the mining, selection and sales of gold mines, and its products are gold concentrates and finished gold. The Other segment is mainly engaged in other businesses. The Company mainly conducts its businesses in the domestic market.
Shandong Jindu State-owned Capital Investment Group Co., Ltd. completed the acquisition of a 26.64% stake in Baoding Technology Co., Ltd. from Zhaojin Group Co., Ltd.