Xinhua Jin (600735): Plans To Purchase 100% Equity Of Youpin Company With 0 Yuan
On July 21, xinhuajin (600735. SH) announced that the company intends to acquire 100% equity of Qingdao Xinhua Jin YOUPIN International Trade Co., Ltd. (Youpin company) held by it from Xinhua Jin (Qingdao) e-commerce Co., Ltd. (e-commerce company) for the transaction consideration of yuan, and Youpin company will become a wholly-owned subsidiary of the company.
After the completion of the equity acquisition, Youpin company will purchase the e-commerce company controlled by the actual controller Zhang Jianhua, Qingdao Xinhua Jin International Co., Ltd., Qingdao Xinhua Jin economic and Trade Development Co., Ltd., Xinhua Jin Group Shandong Jinlong Investment Co., Ltd The inventory, intangible assets and fixed assets related to e-commerce business of Shandong Jinlong International Health Industry Co., Ltd. (the "five e-commerce companies") will transfer the personnel and business related to e-commerce business to superior products company. After the business transfer, the five e-commerce companies will change their business scope and no longer engage in E-commerce business.
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