Chengdu Rainbow Appliance Shares Co., Ltd. acquired 90% stake in Guizhou Rainbow, 96.72% in Kunming Rainbow, 75% in Chongqing Chuangcai and 80% in Anhui Yongca from Li Guangwu, Dai Guojun,Suo Jian, Dong Zehua and Ru Hongmei for CNY 1.6 million.
June 16, 2022
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Chengdu Rainbow Appliance (Group) Shares Co., Ltd. (SZSE:003023) acquired 90% stake in Guizhou Rainbow, 96.72% in Kunming Rainbow, 75% in Chongqing Chuangcai and 80% in Anhui Yongca from Li Guangwu, Dai Guojun,Suo Jian, Dong Zehua and Ru Hongmei for CNY 1.6 million on June 17, 2022. The company will acquire the following: all stake of Li Guangwu in Guizhou Rainbow for CNY172,000, all stake of Dai Guojun in Kunming Rainbow for CNY210,000, all stake of Suo Jian in Chongqing Chuangcai for CNY640,000, all stake of Dong Zehua in Chongqing Chuangcai for CNY160,000 and all stake of Ru Hongmei in Anhui Yongcai for CNY435,000. This transaction was approved by the 15th session of the Chengdu Rainbow Appliance 's 9th directorate.
Chengdu Rainbow Appliance (Group) Shares Co., Ltd. (SZSE:003023) completed the acquisition of 90% stake in Guizhou Rainbow, 96.72% in Kunming Rainbow, 75% in Chongqing Chuangcai and 80% in Anhui Yongca from Li Guangwu, Dai Guojun,Suo Jian, Dong Zehua and Ru Hongmei on June 17, 2022.
Chengdu Rainbow Appliance Group Shares Co Ltd is a China-based company mainly engaged in the research, development, production and sales of household flexible heating appliances and household hygiene and insecticide products. The Company's products include a series of household flexible heating appliances such as electric blankets and electric hand warmers, and a series of household hygiene and insecticide products such as electric mosquito liquid, electric mosquito coils, disc mosquito coils, and insecticidal aerosols. The Company also produces chemical fiber products, agricultural sprayers and shoe dryers, etc. The Company mainly conducts business within the domestic market.
Chengdu Rainbow Appliance Shares Co., Ltd. acquired 90% stake in Guizhou Rainbow, 96.72% in Kunming Rainbow, 75% in Chongqing Chuangcai and 80% in Anhui Yongca from Li Guangwu, Dai Guojun,Suo Jian, Dong Zehua and Ru Hongmei for CNY 1.6 million.
CHENGDU RAINBOW APPLIANCE (GROUP) SHARES CO., LTD. 
