Huaiji Dengyun Auto-parts Co.,Ltd. signed an agreement to acquire remaining 99% stake in Beijing Huanglong Jintai Mining Co., Ltd from Yike Zhengrun Investment Group Co., Ltd. for approximately CNY 160 million.
February 03, 2021
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Huaiji Dengyun Auto-parts (Holding) Co.,Ltd. (SZSE:002715) signed an agreement to acquire remaining 99% stake in Beijing Huanglong Jintai Mining Co., Ltd from Yike Zhengrun Investment Group Co., Ltd. for approximately CNY 160 million on February 3, 2021. Post the transaction, Huaiji Dengyun Auto-parts (Holding) will hold 100% stake in Beijing Huanglong Jintai Mining. Beijing Huanglong Jintai Mining has total assets of CNY 69.5 million and net assets of CNY 32.8 million as of December 31, 2020. Beijing Huanglong Jintai Mining generated the revenue of CNY 37.3 million, operational profit of CNY 13.9 million and net profit of CNY 14.08 million from April to December 2020. The transaction has been approved by the Board of Directors of Huaiji Dengyun Auto-parts (Holding) and Yike Zhengrun Investment Group Co., Ltd.
Huaiji Dengyun Auto-parts (Holding) Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of automotive engine intake and exhaust valve series products. The Company's main products include accessory product diesel engine valves, accessory product gasoline engine valves and maintenance market valves. The Company's products are mainly used in automobiles, motorcycles, agricultural machinery, construction machinery, ships, railway internal combustion engines, oil rigs and internal combustion engine generator sets. The Company distributes its products in domestic market and to overseas markets.
Huaiji Dengyun Auto-parts Co.,Ltd. signed an agreement to acquire remaining 99% stake in Beijing Huanglong Jintai Mining Co., Ltd from Yike Zhengrun Investment Group Co., Ltd. for approximately CNY 160 million.
HUAIJI DENGYUN AUTO-PARTS (HOLDING) CO.,LTD. 
