Keheng Industry to acquire Wanjia Equipment at RMB650 million

Keheng Industry disclosed in the report of major asset restructuring that in order to extend the industrial chain for lithium battery, the company intends to invest RMB650 million by cash in acquiring 100% stake in Wanjia Equipment; the supporting funds collected will be no more than RMB208 million.Asian Metal Copyright4691 million in 2016 while net profit in 2015 was only RMB610 million in 2015.Asian Metal Copyright Wanjia Equipment is mainly engaged in manufacturing of lithium battery automation equipment and achieved revenue of RMB71.Asian Metal Copyright4691 million in 2016 while net profit in 2015 was only RMB610 million in 2015.Asian Metal Copyright8968 million and net profit of RMB15.Asian Metal Copyright8968 million and net profit of RMB15.Asian Metal Copyright4691 million in 2016 while net profit in 2015 was only RMB610 million in 2015.Asian Metal Copyright Wanjia Equipment is mainly engaged in manufacturing of lithium battery automation equipment and achieved revenue of RMB71.Asian Metal Copyright The company promised to make revenue of RMB25 million, RMB45 million, RMB60 million and RMB75 million in the following four years.
.Asian Metal CopyrightKeheng Industry disclosed in the report of major asset restructuring that in order to extend the industrial chain for lithium battery, the company intends to invest RMB650 million by cash in acquiring 100% stake in Wanjia Equipment; the supporting funds collected will be no more than RMB208 millionAsian Metal Copyright