Qinghai Liangcheng Mining Industry Co., Ltd. agreed to acquire additional 3.2931% stake in Qinghai Jintai Potash Fertilizer Co., Ltd. from Shanghai Shunho New Materials Technology Co.,Ltd. for CNY 164 million
December 23, 2022
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Qinghai Liangcheng Mining Industry Co., Ltd. agreed to acquire additional 3.2931% stake in Qinghai Jintai Potash Fertilizer Co., Ltd. from Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) for CNY 164 million on December 23, 2022. The board of directors of Shanghai Shunho New Materials Technology approved the transaction unanimously. Qinghai Jintai Potash Fertilizer recoded total assets of CNY 4.05 billion and net assets of CNY 1.59 billion as of September 30, 2022.
Shanghai Shunho New Materials Technology Co.,Ltd., formerly Shanghai Luxin Packing Materials Science & Technology Co., Ltd., is a China-based company principally engaged in the research, development, manufacture, processing and distribution of packaging products. The Company's main products include vacuum metalized papers, polypropylene fibers for cigarettes, as well as white cardboards and laminated papers. The Company is also involved in the provision of printing materials, hologram papers as well as optical anti-counterfeiting films, among others. The Company's products are applied in the packing of tobaccos, food, beverages, sports goods, liquors and others. In addition, the Company also engages in the research, manufacture and distribution of natural biological fertilizer and organic feed, as well as the development of network technology, among others. The Company distributes its products within domestic market and to overseas markets.
Qinghai Liangcheng Mining Industry Co., Ltd. agreed to acquire additional 3.2931% stake in Qinghai Jintai Potash Fertilizer Co., Ltd. from Shanghai Shunho New Materials Technology Co.,Ltd. for CNY 164 million
SHANGHAI SHUNHO NEW MATERIALS TECHNOLOGY CO.,LTD. 
