Shandong Huapeng Glass Co.,Ltd. cancelled the acquisition of remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping.
June 24, 2021
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Shandong Huapeng Glass Co.,Ltd. (SHSE:603021) agreed to acquire remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping for CNY 28.6 million on December 29, 2020. Shandong Huapeng Glass will issue shares as consideration for the transaction. Shandong Tianyuan Information Technology has total assets of CNY 457.3 million and net assets of CNY 298.6 million as of October 31, 2020 and has generated revenue of CNY 215.2 million and net profit of CNY 45.08 million for the year ended December 31, 2019. The transaction is subject to shareholders of Shandong Huapeng Glass and CSRC. The transaction has been approved by the Board of Directors of Shandong Huapeng Glass.
Shandong Huapeng Glass Co.,Ltd. (SHSE:603021) cancelled the acquisition of remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping on June 25, 2021. On June 25, 2021, at the 8th meeting of the 7th Board of Supervisors of Shandong Huapeng Glass Co.,Ltd. approved the termination.
Shandong Huapeng Glass Co Ltd is a China-based company mainly engaged in the research and development, production and sales of glassware products and glass bottles and cans. Glassware products are mainly glass stemware, including lead-free crystal glass stemware produced by secondary molding process, and sealed and stretched glass stemware. Glass bottle products are divided into three categories according to their uses: wine and beverage bottles, food and condiment bottles, and medical packaging bottles, which are used in the fields of wine, food, beverages and medicines. The Company mainly conducts its business in the domestic and foreign markets.
Shandong Huapeng Glass Co.,Ltd. cancelled the acquisition of remaining 45% stake in Shandong Tianyuan Information Technology co., Ltd. from Jinan Shuntenghong Investment Partnership Enterprise (Limited Partnership), Dongying Economic Development Zone Sibote Venture Capital Co., Ltd., Yi Caimei, Zhao Huagang and Sui Ping.