Wanshun New Materials: Relevant audit and evaluation work for Eurofoil Luxembourg has been completed

NightAirdropper · 2026-03-17T04:28:38+00:00

Wanshun New Materials' wholly-owned subsidiary plans to acquire 100% equity of Eurofoil Luxembourg for 12.3889 million euros. Following the transaction, it will be consolidated into the combined financial statements. The net asset appraised value of Eurofoil Luxembourg is 32.1703 million euros, with an appreciation rate of 53.04%. The board of directors has approved the relevant resolution.

NightAirdropper

2026-03-17 04:28:38

Abstract generation in progress

Gelonghui March 16 — Wanshun New Materials announced that its wholly-owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., intends to purchase 100% equity of Eurofoil Luxembourg S.A. held by Aluminium Investment Company Limited for €12.3889 million in cash. After the transaction is completed, the company will hold 100% equity of Eurofoil Luxembourg, which will be included in the company’s consolidated financial statements. According to the valuation, the net asset market value of Eurofoil Luxembourg is €32.1703 million, with an increase of €11.1501 million over its book value, representing a 53.04% increase. Recently, the relevant audit and valuation work for Eurofoil Luxembourg has been completed. The company held the seventh session of the second board of directors meeting on March 16, 2026, and approved the proposal regarding Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd.'s use of cash to purchase the equity of Eurofoil Luxembourg S.A.

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