Beijing Oriental Yuhong Waterproof Technology Subsidiary Completes Acquisition of Hardware, Plastic Company; Shares Rise 4%
Beijing Oriental Yuhong Waterproof Technology (SHE:002271) subsidiary Hong Kong Oriental Yuhong Investment completed the purchase of 100% of The Universal Hardware & Plastic Factory, according to a Friday filing with the Shenzhen bourse. Hong Kong Oriental Yuhong paid a total of HK$215.4 million to sellers Aliaxis Group, Ho On Wah, Ho Cheong Wah, and Ho Hung King. The amount comprises HK$164.1 million of the enterprise value of the company and HK$51.3 million in estimated net cash and working capital adjustment amount. Shares rose 4% during afternoon trading on Friday.
Beijing Oriental Yuhong Waterproof Technology (SHE:002271) subsidiary Hong Kong Oriental Yuhong Investment completed the purchase of 100% of The Universal Hardware & Plastic Factory, according to a Friday filing with the Shenzhen bourse.
Hong Kong Oriental Yuhong paid a total of HK$215.4 million to sellers Aliaxis Group, Ho On Wah, Ho Cheong Wah, and Ho Hung King.
The amount comprises HK$164.1 million of the enterprise value of the company and HK$51.3 million in estimated net cash and working capital adjustment amount.
Shares rose 4% during afternoon trading on Friday.