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Henan Lotus plans to purchase 54.6% shares of Zhongrun Leasing with USD94.5 million

On 19 Nov., 2015, Henan Lotus Flower Gourmet Powder Co., Ltd. (Henan Lotus) revealed that it plans to purchase 54.6% shares of Zhongrun Financial Leasing (Shanghai) Co., Ltd. (Zhongrun Leasing) with USD94.5 million.

 

Henan Lotus’ update in transformation

For Henan Lotus Flower Gourmet Powder Co., Ltd. (Henan Lotus), 2015 is the first year in its reform. It introduced industry capital and advanced management team as well as explored its development road to realize a renaissance of its old brands. Recently, it launched new products to display its new self.

 

Second largest shareholder of Henan Lotus changes

On 4 Nov., 2014, Henan Lotus Flower Gourmet Powder Co., Ltd. (Henan Lotus), one of the leading MSG companies in China, published a notice, according to which its second largest shareholder, Xiangcheng Tian'an Technology Co., Ltd., signed a stock transfer agreement with Zhejiang Ruikang Investment Co., Ltd. (Zhejiang Ruikang) that the latter used USD60.79 million to purchase the former’s 10.32% shares in Henan Lotus.