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Oriental Yuhong: Hong Kong subsidiary acquires 100% equity of World Hardware for approximately HKD 164 million
Oriental Yuhong’s announcement: the company’s wholly owned subsidiary, Hong Kong Oriental Yuhong Investment Co., Ltd., has entered into a share purchase agreement with Aliaxis, He Anhua, He Changhua, and He Xingqiong, to acquire 100% of the equity interests of World Hardware & Plastic Factory Co., Ltd. for approximately HKD 164 million (approximately RMB 144.76 million) using its own funds. After the transaction is completed, Hong Kong Oriental Yuhong will hold 100% of the equity interests of World Hardware.