Inner Mongolia Jingmei Cashmere Trading Co., Ltd. completed the acquisition of remaining 31.25% stake in Beijing Yongjing Cashmere Co., Ltd. from Ningxia Zhongyin Cashmere Co., Ltd..
August 01, 2021
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Inner Mongolia Jingmei Cashmere Trading Co., Ltd. intend to acquire remaining 31.25% stake in Beijing Yongjing Cashmere Co., Ltd. from Ningxia Zhongyin Cashmere Co., Ltd. (SZSE:000982) for CNY 54 million on July 15, 2021. For the year ended on June 30, 2021, reported total assets of CNY 190 million and total owners equity of CNY 160 million.
Inner Mongolia Jingmei Cashmere Trading Co., Ltd. completed the acquisition of remaining 31.25% stake in Beijing Yongjing Cashmere Co., Ltd. from Ningxia Zhongyin Cashmere Co., Ltd. (SZSE:000982) on August 2, 2021. As of August 3, 2021, Ningxia Zhongyin Cashmere Co., Ltd. has received the entire equity transfer price paid by Inner Mongolia Jingmei Cashmere Trading Co., Ltd., the equity transferee, for a total of CNY 53.5965 million.
Ningxia Zhongyin Cashmere Co Ltd is a China-based company mainly engaged in the trading of cashmere and cashmere products, and the production and sales of positive electrode materials for new energy lithium batteries. The Company is mainly engaged in four businesses. The cashmere and cashmere products trading business is engaged in the trading of cashmere and cashmere products and cashmere supply chain services. The new energy lithium battery positive electrode material business is engaged in the production and sales of lithium iron phosphate, a positive electrode material for lithium batteries. The lithium battery application end business is engaged in the battery replacement business for two-wheeled and three-wheeled electric vehicles involved in new energy applications. The special graphite business is engaged in the special graphite roasting, special graphite graphitization and graphitization processing of lithium battery negative electrode materials.