Yiwu Huading Nylon Co.,Ltd. completed the acquisition of Zhejiang Yate New Material Co., Ltd. from True Love Group Co., Ltd., Zheng Qizhong, Zhuji Zhongcheng Enterprise Management Partnership (Limited Partnership), Zheng Qiming, Liu Yuanqing and Liu Zhongqing.
January 15, 2023
Share
Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) entered into an agreement to acquire Zhejiang Yate New Material Co., Ltd. from True Love Group Co., Ltd., Zheng Qizhong, Zhuji Zhongcheng Enterprise Management Partnership (Limited Partnership), Zheng Qiming, Liu Yuanqing and Liu Zhongqing for CNY 1.2 billion on December 6, 2022. On December 6, 2022, Yiwu Huading Nylon Co.,Ltd. held twenty-first meeting of the fifth board of directors. Transaction is subject to approval from Yiwu Huading's shareholders. As on December 30, 2022, Transaction is approved by Yiwu Huading's shareholders. For the period ended June 30, 2022, Total Assets were of CNY 865 million and Net Assets were of CNY 395 million.
Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) completed the acquisition of Zhejiang Yate New Material Co., Ltd. from True Love Group Co., Ltd., Zheng Qizhong, Zhuji Zhongcheng Enterprise Management Partnership (Limited Partnership), Zheng Qiming, Liu Yuanqing and Liu Zhongqing on January 16, 2023.
Yiwu Huading Nylon Co.,Ltd. is a China-based company principally engaged in the research, development, production and sale of nylon filament. The Company's main products include four kinds of civilian nylon filament products, such as pre-oriented yarn (POY), high-oriented yarn (HOY), full drawn yarn (FDY) and draw textured yarn (DTY). The Company's products are mainly used in sports apparel, bathing suits, down jackets, seamless underwear, lace, suits, shirts, T-shirts, high fashion fabrics and upscale socks. The Company distributes its products mainly in domestic market.
Yiwu Huading Nylon Co.,Ltd. completed the acquisition of Zhejiang Yate New Material Co., Ltd. from True Love Group Co., Ltd., Zheng Qizhong, Zhuji Zhongcheng Enterprise Management Partnership (Limited Partnership), Zheng Qiming, Liu Yuanqing and Liu Zhongqing.