Jinyu Group announced that Handan Jinyu Taihang Commercial Concrete Technology Co., Ltd. (Hereinafter referred to as "Handan Jinyu Commercial Concrete"), a holding subsidiary within the scope of the company's consolidated statements, intends to use the evaluation value of 34.1784 million yuan as a consideration. Acquisition of 90% equity of Hongpeng Commercial Concrete Co., Ltd. in Yongnian District of Handan City (hereinafter referred to as "Hongpeng Commercial Concrete") held by Hebei Fengfan Trading Co., Ltd. (Hereinafter referred to as "Hebei Fengfan") and Hebei Zhuida Construction Labor Subcontracting Co., Ltd. (Hereinafter referred to as "Hebei Zhuida"). After the completion of this transaction, Hongpeng Commercial Concrete became a subsidiary within the scope of the company's consolidated statements.
Handan regional commercial concrete market has good prospects and stable operation. Through this acquisition, the target enterprise and the site of Jinyu commercial concrete in the main urban area of Handan City form a sales linkage to achieve full coverage of the market in the main urban area of Handan commercial concrete, further improve the regional layout, enhance the influence of Jinyu commercial concrete in Handan region, increase market share and give full play to synergies. It is of strategic significance. At the same time, to achieve internal resource synergy with the company's cement business, the acquisition of Hongpeng Commercial Concrete can form a competitive advantage in the company's industrial chain, open up Yongnian and surrounding markets, improve the sales volume of BBMG Cement , enhance the sharing of resources in the group's industrial chain, and maximize the benefits of the group's industrial chain.
