English 
搜索
Hebei Lansheng Biotech Co., Ltd. ShangHai Yuelian Biotech Co., Ltd.

Wynca to sell equity shares of Hanghua New Material Technology Ltdqrcode

Dec. 20, 2016

Favorites Print
Forward
Dec. 20, 2016
The Zhejiang Wynca Group recently announced its intention to sign an equity share transfer agreement with Jolly Holding Group to sell five percent stake (worth 7 million yuan) of Wynca in the Zhejiang Hanghua New Material Technology Ltd. 
 
In all, the transfer will involve 27.7522 million yuan (roughly 3.96 yuan per share).
 
Wynca explained that the transaction would be in line with the company’s strategic restructuring plan. The decision, it said, was taken to ensure best utilization of the company’s assets. It will generate for the company an income of 20.7522 million yuan, thus shoring up the firm’s current financial position.
 
Currently, Hanghua New Material Technology’s equity structure involves 71.43 percent share being held by the Jolly Holding Group, 20 percent by the Hangzhou Research Institute of Chemical Technology Ltd and 8.57 percent by the Zhejiang Wynca Group.
 
 
Source: AgroNews

0/1200

More from AgroNewsChange

Hot Topic Change

I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

0/1200

Subscribe to daily email alerts of AgroNews.