Yuxin shares plan to acquire 10% equity of Brocade New Materials for 10 million yuan
Yuxin Co., Ltd. issued an announcement that the company intends to acquire a 10% stake in Huizhou Brocade Environmental Protection New Materials Co., Ltd. (hereinafter referred to as “Boke New Materials”) held by Mr. Hu Xiannian (corresponding to the 20 million yuan subscribed capital contribution of Brocade New Materials, The corresponding paid-in capital is 10 million yuan), and the transfer price is 10 million yuan.
Mr. Hu Xiannian is the chairman, controlling shareholder and actual controller of the company, and has an associated relationship with the company. According to the “Shenzhen Stock Exchange Listing Rules”, this transaction constitutes a connected transaction, but does not constitute a major asset restructuring as specified in the “Administrative Measures for Major Asset Restructuring of Listed Companies”.
After the completion of this transaction, the registered capital of Brocade New Materials is still 200 million yuan, and the company’s shareholding ratio of Brocade New Materials has increased from 70% to 80%. Mr. Hu Xiannian will no longer hold the equity of Brocade New Materials.
]]>