Henan Zhongfu Industrial Co.,Ltd completed the acquisition of Sichuan Yuheng Industrial Co., Ltd from Henan Luorui Trading Co., Ltd.
December 11, 2022
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Henan Zhongfu Industrial Co.,Ltd (SHSE:600595) agreed to acquire Sichuan Yuheng Industrial Co., Ltd from Henan Luorui Trading Co., Ltd. for CNY 825.5 million on October 31, 2022. Henan Zhongfu Industrial will fund the acquisition from its own funds. Within 30 days after the agreement takes effect, the company will pay 70% of the total transaction price to Luorui Trading and before March 31, 2023, it will pay 30% of the total transaction price to Luorui Trading. The board of directors of Henan Zhongfu Industrial Co.,Ltd approved the transaction. The transaction is subject to approval from shareholders of Henan Zhongfu Industrial Co.,Ltd. Sichuan Yuheng recorded total assets of CNY 3.15 billion and Net owners equity of CNY 1.53 billion as of September 30, 2022. The transaction is expected to close by March 31, 2023.
On November 21, 2022, the transaction was approved by 4th Extraordinary Shareholders of Henan Zhongfu Industrial Co., Ltd.
Henan Zhongfu Industrial Co.,Ltd (SHSE:600595) completed the acquisition of Sichuan Yuheng Industrial Co., Ltd from Henan Luorui Trading Co., Ltd. on December 12, 2022.
Henan Zhongfu Industrial Co., Ltd is a China-based company principally engaged in the manufacture and distribution of electrolytic aluminum and aluminum products. The Company's products include aluminum bars, wire rods, aluminum alloy sheets, double-zero aluminum foils, and cans, can lids, pull tabs and others. The Company's products are applied in transportation, food and pharmaceutical packaging, printing plate-making and other fields. Through its subsidiaries, the Company is also engaged in domestic and international trading, aluminum products manufacturing and processing, thermal power generation, coal mining and production, as well as urban steam heat supply. The Company conducts its businesses in domestic and overseas markets.
HENAN ZHONGFU INDUSTRIAL CO.,LTD 
