Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership) completed the acquisition of an additional 6.3% stake in Zhejiang Renzhi Co., Ltd.
January 19, 2017
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Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership) signed an agreement to acquire an additional 6.3% stake in Zhejiang Renzhi Co., Ltd. (SZSE:002629) for approximately CNY 370 million on November 30, 2016. Under the terms, 21.1 million shares will be acquired. Post completion, Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership) will hold 81.4 million shares.
Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership) completed the acquisition of an additional 6.3% stake in Zhejiang Renzhi Co., Ltd. (SZSE:002629) on January 20, 2017.
Zhejiang Renzhi Co., Ltd., formerly Sichuan Renzhi Oilfield Technology Services Co., Ltd., is a China-based company principally engaged in the provision of oilfield technical services. The Company mainly provides drilling fluid technical services, including drilling fluid deployment, circulation operation and recycling services; oil and gas field environmental protection technical services, including oil and gas field wastewater treatment, waste mud treatment and drilling sewage treatment technology services; underground operation technical services, including underground technical services, production increasing technical services, downhole tools and well completion technical services. The Company is also engaged in the development, production and sales of oilfield chemicals and functional new materials. The Company mainly operates its businesses in the Mainland of China.
Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership) completed the acquisition of an additional 6.3% stake in Zhejiang Renzhi Co., Ltd.
ZHEJIANG RENZHI CO., LTD. 
