Fujian Yongjin acquires 100% equity of Qingtuo Shangke formally
2020-11-12 17:55:17 [Print]
Yongjin Shares announced on November 9 that the company's holding subsidiary, Fujian Yongjin, intended to acquire the 60% and 40% equity of Fujian Qingtuo Shangke Stainless Steel Co
. , Ltd . held by Qingtuo Group and Krupp respectively with RMB300 million (USD45 . 15 million) in cash . Recently, Fujian Yongjin has formally signed an equity acquisition agreement with two counterparties . 40% equity of Qingtuo Shangke held by Krupp was priced at RMB120 million (USD18 . 06 million), and 60% equity of Qingtuo Shangke held by Qingtuo Group was priced at RMB180 million (USD27 . 09 million).