Gelonghui announced that it plans to acquire 49% of Shanghai Shenma Engineering Plastics Co., Ltd. Held by China Pingdingshan Shenma Group Co., Ltd. (600810.SH). The equity purchase price is based on the evaluation results, 49% of the equity purchase price is 93.280663 million yuan, and the equity consideration is paid in cash.
After the completion of this transaction, the company's shareholding in Shanghai Shenma Engineering Plastics Co., Ltd. will be changed from 51% to 100%.
Before this transaction, Shanghai Shenma Engineering Plastics Co., Ltd. was the holding subsidiary of the company. after this transaction, Shanghai Shenma Engineering Plastics Co., Ltd. became a wholly owned subsidiary of the company, which will not change the scope of the company's consolidated financial statements.