Yu Diamond: Announcement on Transferring Equity of Holding Subsidiaries

Abstract On July 6, Yu Diamond (300064) released the “Zhengzhou Huajing Diamond Co., Ltd. Announcement on Transferring the Equity of the Holding Subsidiary”. On July 3, 2017, Zhengzhou Huajing Diamond Co., Ltd. and Shanghai Yuguan Investment Management Partnership (with...
On July 6, Yu Diamond (300064) released the “Zhengzhou Huajing Diamond Co., Ltd. Announcement on Transferring the Equity of the Holding Subsidiary”. On July 3, 2017, Zhengzhou Huajing Diamond Co., Ltd. and Shanghai Yuguan Investment respectively The Management Partnership (Limited Partnership) (hereinafter referred to as “Shanghai Yuguan”) and Henan Hengxiang Diamond Abrasive Co., Ltd. (hereinafter referred to as “Hengxiang Abrasives”) signed the “Equity Transfer Agreement”. The company will hold a 48% stake in Henan Yuxing Huajing Microdrill Co., Ltd. (hereinafter referred to as “Yuxing Micro Drill”), a holding subsidiary of the company, for transfer to Shanghai Yuguan at a price of RMB 75,292,400; Hengxiang Abrasives At the time of the establishment of Star Micro-Diamond, the agreement on performance commitment in the "Joint Venture Agreement" will transfer the 16% equity of Yuxing Micro-Drill held by the company to the company free of charge. After the completion of the transaction, the company will hold the Yuxing micro-drill 19 % equity.

Equity structure before and after this equity transfer
The announcement shows that the transaction aims to adjust the company's strategic structure, optimize the company's business layout, and improve operational and management efficiency. This transaction will help improve the company's asset structure and improve asset liquidity and return. Upon completion of this equity transfer, the scope of the company's consolidated statements will change, and Yuxing Micro-Drill will no longer be included in the consolidated financial statements of the company.

Hvlp Paint Spray Gun

The HVLP Electric Paint Spray Gun make painting and varnishing much easier, with 30000 rpm speed,18Kpa working pressure.

The material flow can be controlled by the switch.

The Electric Paint Gun can spray 200DIN Latex paint, the atomization function will be best when using the 45-60DIN Latex Paint.

The material consumption speed is 866ml/min,when spray the Latex paint with 2.6mm Nozzle.

Paint with the HVLP Paint Sprayer, easy to paint the hard-to-reach areas and no need to clean the rollers and brushes.

Working close to the ground and painting overhead are easy for the Electric Paint Spray Gun.

You can spray on paint, varnish and glaze quickly, evenly and cleanly using as little material as possible – and it's also kind to your back, neck and shoulders.

Hvlp Paint Spray Gun,Cordless Paint Spray Gun,Electric Paint Sprayer,Airless Paint Gun

Ningbo Brace Power Tools Co., Ltd , https://www.bracepowertools.com