Common Contracts
1 similar Investment Agreement contracts
Incorporated in the Cayman Islands with limited liability)Investment Agreement • November 2nd, 2015
The Board is pleased to announced that on 1 November 2015 (i) Wuhu Conch Investment (a wholly-owned subsidiary of the Company), (ii) Red Day (the shares of which are wholly owned by Mr. Ma Zhaoyang, a non-executive director of West China Cement, who is the parent company of Yaobai Special Cement), and (iii) Yaobai Special Cement (a wholly- owned subsidiary of West China Cement) entered into an investment agreement, whereby Wuhu Conch Investment and Red Day will inject capital of RMB90,000,000 and RMB30,000,000 into Yobai Environmental, respectively. Upon completion of the capital injection, Yobai Environmental will be owned by Wuhu Conch Investment, Red Day and Yaobai Special Cement as to 60%, 20% and 20% respectively. It is expected that the aforesaid capital injection will be completed within the upcoming six months.
