Narada Power to acquire 49% of shares of Huabo Techonology with RMB1.96 billion

Narada Power announced on 7 August that it plans to acquire 49% of shares of Anhui Huabo Renewable Resources Technology Co.Asian Metal Copyright Narada Power will directly hold 100% of shares of Huabo Technology after the transaction.Asian Metal Copyright, Ltd.Asian Metal Copyright47 billion paid by private placement and RMB490 million paid by cash.Asian Metal Copyright (Huabo Technology) from Zhu Baoyi by means of private placement and cash payment; the overall price is determined to be RMB1.Asian Metal Copyright Narada Power will directly hold 100% of shares of Huabo Technology after the transaction.Asian Metal Copyright96 billion, with RMB1.Asian Metal Copyright96 billion, with RMB1.Asian Metal Copyright47 billion paid by private placement and RMB490 million paid by cash.Asian Metal Copyright Huabo Technology from Zhu Baoyi by means of private placement and cash payment; the overall price is determined to be RMB1.Asian Metal Copyright Narada Power will directly hold 100% of shares of Huabo Technology after the transaction.

Narada Power claimed that the purpose of this acquisition is to further strengthen controlling ability by acquiring shares of minority shareholders’ interest and guarantee supply of raw material. As a leading company of lead recycling around the world, Huabo Technology has comprehensive advantages of one-up scale and technology and relatively strong profitability.

.Asian Metal Copyright Narada Power will directly hold 100% of shares of Huabo Technology after the transactionAsian Metal Copyright