Beijing Dingli Construction Engineering Company completed the acquisition of Chengdu Xinchengbang Luqiao Engineering Co., Ltd. from Xinjiang Hejin Holding Co.,Ltd.
April 26, 2020
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Beijing Dingli Construction Engineering Company agreed to acquire Chengdu Xinchengbang Luqiao Engineering Co., Ltd. from Xinjiang Hejin Holding Co.,Ltd (SZSE:000633) on February 19, 2020. Beijing Dingli Construction Engineering Company signed a Conditional share transfer agreement to acquired Chengdu Xinchengbang Luqiao Engineering Co., Ltd. from Xinjiang Hejin Holding Co.,Ltd for CNY 15.9 million on March 6, 2020. The consideration will be paid from cash. On February 19, 2020, The transaction has been approved by shareholders of Beijing Dingli. The transaction has been approved by board of directors of Xinjiang Hejin on March 6, 2020. The transaction is subject to approval from the Xinjiang Hejin Holding’s shareholders. Great Wall Glory Securities Co., Ltd acted as financial advisor, Bao Cuijie and Bai Yang of Beijing DHH Law Firm acted as legal advisors and Yu Lei and Liu Nanyuan Asia Pacific (Group) CPA acted as accountants in the transaction.
Beijing Dingli Construction Engineering Company completed the acquisition of Chengdu Xinchengbang Luqiao Engineering Co., Ltd. from Xinjiang Hejin Holding Co.,Ltd (SZSE:000633) on April 27, 2020.
XINJIANG HEJIN HOLDING CO., LTD, formerly Shenyang Hejin Holding Co., Ltd., is an investment holding company. Through its subsidiaries, the Company mainly engages in the manufacture and sale of alloy materials, as well as trading business. The Companyâs products include alloy wires and alloy bars, such as electric vacuum alloys, electric resistance alloys, spark plug electrode alloys, nickel and nickel alloy wires used for welding rods and wires, among others. The Company distributes its products within domestic market and to overseas markets.
Beijing Dingli Construction Engineering Company completed the acquisition of Chengdu Xinchengbang Luqiao Engineering Co., Ltd. from Xinjiang Hejin Holding Co.,Ltd.