Great World Company Holdings Ltd has acquired Yenbo Gain Limited
Great World Company Holdings Ltd has acquired a 45.46% stake in Yenbo Gain Limited (Yenbo) from Mr. Zhang Yong for US$4.82 million.
Great World Company Holdings Ltd, an investment holding company incorporated in the Cayman Islands, engages in the exploration, mining, and processing of iron ore mines in the People’s Republic of China. The company is also involved in the property investment and development operations, as well as owns and operates a residential and commercial development site located in Leshan, Sichuan Province.
Yenbo is a company incorporated in the British Virgin Islands with limited liability and with an issued share capital of 22 shares of US$1 each. The company is principally engaged in research and in the commercialization of forestry products for the clean energy sector, with advanced technology and focusing on forests' management and protection.
Oaklins' team in Hong Kong acted as financial advisor to Great World Company Holdings Ltd in this transaction.