Silk Road Energy (08250.HK) announced that affiliated Da Huicheng and Xie Bangkun, as buyers, entered into an equity transfer agreement with Shenzhen Houpu Industries to acquire 51 per cent and 49 per cent of the target company Zhongtai Hongzhi Technology (Shenzhen), respectively, with a cash consideration of 1 yuan respectively (the same below).
As the registered capital of Zhongtai Hongzhi Technology is 10 million yuan yet to be paid, Da Huicheng and Xie Bangkun will contribute 5.1 million yuan and 4.9 million yuan respectively as registered capital after the completion of the transaction.
Zhongtai Hongzhi Technology is mainly engaged in fruit import business and has an import license granted by the Chinese department. The company said that China's growing demand for imported fruit will be able to develop the fruit import business into a new major business segment and generate more revenue in the future.