Financials, Technology Nov 28, 2021 05:08 PM (GMT+8) · EqualOcean
Financial Associated Press, Nov. 28 (Xinhua) -- Yuanda holdings announced that on November 26, the company signed a framework agreement with Victoria Harbour Asia Pacific, Guangdong Hongxin and Jiangmen Xinhui Yanhe Oil Co., Ltd. to acquire 70.61% equity of Guangdong Hongxin held by Victoria Harbour Asia Pacific with RMB 173 million and increase capital to Guangdong Hongxin with RMB 115 million. After the completion of the above transaction, the company will hold 80% equity of the target company.