On August 14, Changying Precision announced that its wholly-owned subsidiary Changying Precision Hong Kong Co., Ltd. intends to acquire Jiayihui Metal Surface Treatment (Shenzhen) Co., Ltd. held by Shangpin Co., Ltd. (Registered: Hong Kong). Total equity. Hong Kong Changying also signed the "Equity Acquisition Intention Agreement" with Hong Kong Shangpin on August 13, and invested RMB 20 million to RMB 30 million to acquire 100% equity of Shenzhen Jiayihui from Hong Kong Shangpin by way of equity transfer.
It is reported that Shenzhen Jiayihui is specialized in metal surface treatment business mainly based on anodizing. It has been operating in this industry for 14 years and has excellent technical accumulation and production and processing capabilities. It has 280 tons approved by Shenzhen Habitat Environment Committee. / Day production of wastewater production permits, the annual production of aluminum products up to 700 tons.
The acquisition of 100% equity of Shenzhen Jiayihui by Hong Kong Changying can fill the company's vacancy in the surface treatment process of metal-looking parts products, and help to improve the production efficiency, quality and stability of metal-looking parts products; through vertical integration, Companies can significantly increase product responsiveness to the market while significantly reducing product costs.
It is reported that Shenzhen Jiayihui is specialized in metal surface treatment business mainly based on anodizing. It has been operating in this industry for 14 years and has excellent technical accumulation and production and processing capabilities. It has 280 tons approved by Shenzhen Habitat Environment Committee. / Day production of wastewater production permits, the annual production of aluminum products up to 700 tons.
The acquisition of 100% equity of Shenzhen Jiayihui by Hong Kong Changying can fill the company's vacancy in the surface treatment process of metal-looking parts products, and help to improve the production efficiency, quality and stability of metal-looking parts products; through vertical integration, Companies can significantly increase product responsiveness to the market while significantly reducing product costs.
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