Flat Glass Plans to Acquire 60% Stake in Fulai Ruicheng for Approximately 60.04 Million Yuan

M&A · Partnership
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Summary · why it matters

Flat Glass announced that it plans to acquire a 60% equity stake in Shanghai Fulai Ruicheng New Materials Co., Ltd. from related party Jiaxing Yihe Investment Co., Ltd., with a total transaction price of 60.04 million yuan. After the acquisition, Fulai Ruicheng will become a wholly-owned subsidiary of the company. This transaction constitutes a related-party transaction but does not constitute a major asset restructuring.

Impact on stocks 1

Others▲ · 1 stocks
Flat Glass Group Co. Ltd
601865
▲ PositiveCapitalrelevance

Acquiring 60% stake in Fulai Ruicheng for 60.04 million yuan, making it a wholly-owned subsidiary, expands its business.

Off-coverage companies 2

Jiaxing Yihe Investment Co., Ltd.Private± Mixed
Capitalrelevance

As the related party selling the stake, it receives 60.04 million yuan, but impact on its own operations is unclear.

上海福来瑞诚新材料有限公司Private± Mixed
relevance

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