[ET Net News Agency, 29 November 2021] Luoyang Glass Company Limited (01108) said it
intended to transfer its 100% equity interest held in Longhai Glass, Longmen Glass and
Bengbu CNBM Information Display to Triumph Group at a total consideration of RMB536.12
million.
The principal business of Longhai Glass is production and sales of information display
glass and its scope of business includes production, sale of, electronic glass, flat panel
display devices and materials; processing of glass and raw materials.
The principal business of Longmen Glass is production and sales of information display
glass and its scope of business includes production and sale of ultra-thin glass,
processing and marketing of glass and related raw materials, mineral products; glass
craftsmanship technology and services.
The principal business of Bengbu CNBM Information Display is production and sales of
information display glass and its scope of business includes the research and development,
production, sale and deep processing of ultra-thin glass; import and export of various
commodities and by-products of its own and on agency basis; and sale of glass-related
primary materials, auxiliary materials and other glass products and relevant technical
services. (RC)