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K. H. Group Acquires 100% Stake In, Shareholders Loan of Recycling Company for 62 Million Yuan
K.H. GP Hldgs (01557.HK) plans to acquire all the equity of Changzhou Yonghong Yifeng New Materials Technology for 61.9 million yuan.
K.H. GP Hldgs (01557.HK) announced on November 5th that on November 5, 2024, the company and Aixin (a wholly-owned subsidiary of the company) (as the buyer) entered into a purchase agreement with the seller (as the seller), whereby the buyer conditionally agrees to acquire and transfer while the seller conditionally agrees to sell all the equity of Changzhou Yonghong Yifeng New Materials Technology Co., Ltd. and transfer shareholder loans for a total consideration of RMB 61.9 million. The target company's wholly-owned subsidiary Jiangsu Yongmai owns a facility with an annual output of 0.06 million tons of N-Methylpyrrolidone cyclic comprehensive utilization, which is currently in the trial production phase.
Express News | K H Group - Deal for RMB61.9 Mln
Express News | K H Group - Co & Unit to Acquire Entire Stake & Assignment of Shareholder's Loan in Changzhou Yonghong Yifeng New Material Technology
k.h. gp hldgs (01557.HK) is planning to hold a board of directors meeting on November 22 to approve the interim performance.
Gelonghui November 5th | K.H. Gp Hldgs (01557.HK) issued an announcement that the board of directors will hold a board meeting on November 22, 2024 (Friday) to address the following matters, including (i) consideration and approval and publication of the unaudited interim performance of the company and its subsidiaries for the six months ended September 30, 2024; and (ii) consideration of the interim dividend (if any).
K.H. GP HLDGS: NOTIFICATION OF BOARD MEETING
K. H. Group Holdings Limited's (HKG:1557) 32% Share Price Plunge Could Signal Some RiskNo Data
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