Dec 01, 2021 08:38 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 1, Ruyi group announced that the assets to be purchased are accounts receivable and inventory of the company and Ruyi new materials, with a total original book value of 984 million yuan. The assets to be placed are Wanzhong entrepreneurship, which holds the equity of Foshan Laika with a value of 984 million yuan. Foshan Laika's main business is new material technology promotion services, synthetic fiber manufacturing, bio based material manufacturing and synthetic material manufacturing. The original shareholder increased the capital of Foshan Laika with fixed assets, intangible assets and related businesses used for production and operation, such as land, plant and equipment. After the capital increase, Foshan Laika can realize a net profit of about 300 million yuan per year. This asset placement can promote the company to quickly enter the high-end fiber new material industry, broaden the company's operation scope, realize transformation and upgrading, and promote the sustainable development of the company.

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