Hebei Baoshuo Co.,Ltd. cancelled the acquisition of Gansu Xinchuan Chemical Co Ltd. from Jinping Tianhui Investment Co., Ltd., Deyang Maoyuan Industrial Co., Ltd., Newhope Chemicals Investment Co., Ltd., Li Wei, Liu Chang and Wang Shouqin.
January 08, 2013 at 11:00 pm EST
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Hebei Baoshuo Co.,Ltd. (SHSE:600155) entered into a framework agreement to acquire Gansu Xinchuan Chemical Co Ltd. from Jinping Tianhui Investment Co., Ltd., Deyang Maoyuan Industrial Co., Ltd., Newhope Chemicals Investment Co., Ltd., Li Wei, Liu Chang and Wang Shouqin on January 4, 2011. In a related transaction, Hebei Baoshuo Co.,Ltd. agreed to acquire Chengdu Huarong Chemical Co., Ltd. from Newhope Chemicals Investment Co., Ltd. on January 4, 2011. Under the terms of the agreement, Hebei Baoshuo Co.,Ltd. will issue 420 million new shares of Hebei Baoshuo Co.,Ltd. for the acquisition of both Gansu Xinchuan Chemical Co Ltd. and Chengdu Huarong Chemical Co., Ltd. The deal is resolved by the Board of Hebei Baoshuo Co.,Ltd. on January 4, 2011. As of July 15, 2011, the transaction has been approved by the shareholders of Hebei Baoshuo Co.,Ltd.
On June 21, 2012, Hebei Baoshuo's Directors approved the shareholders' meeting to extend validity term of resolution and to extend term of authorizing Directorate to handle issues about assets purchase through shares issuance. Hebei Baoshuo plans to hold the 1st special shareholders' meeting on July 9, 2012 to discuss the transaction.
Hebei Baoshuo Co.,Ltd. (SHSE:600155) cancelled the acquisition of Gansu Xinchuan Chemical Co Ltd. from Jinping Tianhui Investment Co., Ltd., Deyang Maoyuan Industrial Co., Ltd., Newhope Chemicals Investment Co., Ltd., Li Wei, Liu Chang and Wang Shouqin on January 9, 2013.
Huachuang Yunxin Digital Technology Co Ltd, formerly Polaris Bay Group Co Ltd, is a China-based company mainly engaged in the digital economy ecological operation service business and comprehensive financial service business. The digital economy ecological operation service business mainly provides supply chain, scene operation (such as scenic spots, hotels), industrial operation (such as liquor, tourism) and other digital economy ecological operation services. The comprehensive financial service business includes securities financial research, asset management, securities brokerage, proprietary investment, sponsorship and underwriting, financial consulting, private equity and debt investment and financing, comprehensive services for private equity funds, among others.
Hebei Baoshuo Co.,Ltd. cancelled the acquisition of Gansu Xinchuan Chemical Co Ltd. from Jinping Tianhui Investment Co., Ltd., Deyang Maoyuan Industrial Co., Ltd., Newhope Chemicals Investment Co., Ltd., Li Wei, Liu Chang and Wang Shouqin.