[ET Net News Agency, 17 April 2018] China Lesso Group Holdings (02128) said its
wholly-owned subsidiary has agreed to acquire a 26.28% stake in Xingfa Aluminium Holdings
(00098) for HK$973.55 million from Luo Su and Luo Riming, both were executive directors of
Xingfa before the completion of the deal.
Xingfa is principally engaged in the manufacturing and sale of aluminium profiles which
are applied as construction and industrial materials.
Given the increasing trend in using aluminium profiles as major construction materials
in China, China Lesso considers Xingfa is not only a valuable investment, but it is also a
good strategic investment opportunity for the group. It believes the acquisition may
create long-term commercial synergies with the group's businesses to broaden its sales
channels and expand its customers portfolio. (KL)
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02128 CHINA LESSO
Nominal 
2.970 -0.030 (-1.000%) Others
17/04/2018 09:14
China Lesso (02128) buys 26.28% stake in Xingfa Alum (00098)
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