May 05, 2022 - Xiamen Axent Corporation Limited. (AXENT) will acquire Living Bathroom Sanitaryware Co., Ltd. which is located in the 400,000 m2 ceramic production base in Gao'an, Jiangxi. At present, the acquisition work of the two parties is still in the stage of asset inventory. It is expected that in June this year, AXENT will completely take over the Gaoan ceramic production base of Living Bathroom Sanitaryware Co., Ltd.
According to the company's investigation, Xiamen Axent Corporation Limited. completed the registration of Living Bathroom Sanitaryware Co., Ltd. on February 17, 2022, holding 100% of the shares, and the registered capital is 20 million yuan. After the acquisition, Living Bathroom Sanitaryware Co., Ltd. Gaoan Ceramics Production Base will be operated and managed by Jiangxi AXENT.
According to the company's investigation data,Living Bathroom Sanitaryware Co., Ltd. has a registered capital of 10 million yuan and was established in January 2008. The legal representative is Huang Guanquan, and the general manager is Chen Zongyun. It mainly produces and operates ceramic sanitary ware, with an annual production capacity of 3 million sanitary ware. , covers an area of 600 acres, with a total investment of 650 million yuan.