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On March 24, Lomon Bailey (002601.
SZ) announced that in order to further achieve business focus and improve professional operation level, the company’s holding subsidiary Yunnan Guotai Metal Co.
, Ltd.
(hereinafter referred to as "Yunnan Guotai") plans to adopt Cash purchase of 100% equity of Chaoyang Dongzirconium New Materials Co.
, Ltd.
(hereinafter referred to as "Chaoyang Dongzircon") held by Guangdong Dongfang Zirconium Technology Co.
, Ltd.
(hereinafter referred to as "Eastern Zirconium"), a subsidiary of the company, at a transaction price of 164 million yuan.
After the completion of this transaction, Yunnan Guotai will own 100% of Chaoyang Dongzirconium.
SZ) announced that in order to further achieve business focus and improve professional operation level, the company’s holding subsidiary Yunnan Guotai Metal Co.
, Ltd.
(hereinafter referred to as "Yunnan Guotai") plans to adopt Cash purchase of 100% equity of Chaoyang Dongzirconium New Materials Co.
, Ltd.
(hereinafter referred to as "Chaoyang Dongzircon") held by Guangdong Dongfang Zirconium Technology Co.
, Ltd.
(hereinafter referred to as "Eastern Zirconium"), a subsidiary of the company, at a transaction price of 164 million yuan.
After the completion of this transaction, Yunnan Guotai will own 100% of Chaoyang Dongzirconium.