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    Huamao Shares (000850): It Is Proposed To Acquire 100% Equity Of Xinkun Trade For RMB 88.3521 Million

    2022/12/28 20:29:00 8948

    Huamao Shares

    Huamao Shares (000850) announced in the evening of December 27 that the Board of Directors of the Company reviewed and passed the Proposal on Acquisition of 100% Equity of Anqing Xinkun Trade Co., Ltd. and Related Transactions. The Company plans to acquire 100% equity of Xinkun Trade with cash of 88.3521 million yuan. After the transaction is completed, Xinkun Trade will become a wholly-owned subsidiary of the Company.

    It is reported that after the completion of this transaction, the company will obtain 100% equity of Xinkun Trade, which is conducive to improving the company's future profitability, further giving play to the advantages of business integration and coordination, and further reducing related party transactions.

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