Antai Superhard Company implements absorption and merger of Antai Diamond Company

Abstract The notice of the fifth meeting of the fourth board of directors of Antai Technology Co., Ltd. was issued in written form on August 5, 2008. According to this notice, the meeting was held on August 15, 2008. The meeting decided that Antai Superhard Company will implement the merger and absorption of Antai Diamond Company. ...

The notice of the fifth meeting of the fourth board of directors of Antai Technology Co., Ltd. was issued in written form on August 5, 2008. According to this notice, the meeting was held on August 15, 2008. The meeting decided that Antai Superhard Company will implement the merger and absorption of Antai Diamond Company.

Beijing Antai Steel Research Diamond Products Co., Ltd. (hereinafter referred to as “Antai Diamond Company”) was established in 1999 with a registered capital of RMB 55.33 million, of which Antai Technology holds 95% of the shares and Beijing Xingchang Company holds 5% of the shares. Beijing Antai Steel Research Superhard Materials Co., Ltd. (hereinafter referred to as “Antai Superhard Company”) has a registered capital of RMB 30 million, of which Antai Technology holds 95% equity and Beijing Xingchang Company holds 5% equity. The company was established in In 2001, it was mainly responsible for the high-performance diamond saw blade project of the company's fund-raising investment project.

The two companies' main business is diamond tool products, and the company's shareholder and shareholding ratio are the same. In order to integrate the company's diamond tool manufacturing industry, unified production, sales and other management, and play a synergistic effect, the board of directors agreed that Antai Superhard Company will implement the merger and merger of Antai Diamond Company.  

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