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Tianmei Holdings announced that it will increase Richwell’s remaining 32% stake in RMB 7.2 million and will wholly own Richwell after completion. Richwell holds 81% equity of Shanghai Sanke Instrument Co., Ltd. Shanghai Sanke Instrument's products include trace and trace material detection, fluorescence spectroscopy, and material analysis instruments. According to the announcement, the above transaction will not have any significant impact on Tianmei's consolidated net tangible assets per share and consolidated earnings per share for the fiscal year this year.
Tianmei Technology Co., Ltd. was established in 1988, headquartered in Hong Kong, production and research and development base in Shanghai. The company was successfully listed on the Singapore Main Board in 2003. Now China, Singapore, India, Australia and Indonesia have branches and offices.
Tianmei Holdings to increase 7.2 million shares of Sanke Instrument
According to the reading: Tianmei Holdings announced that it will increase Richwell’s remaining 32% stake in RMB 7.2 million and will wholly own Richwell after completion. Richwell holds 81% equity of Shanghai Sanke Instrument Co., Ltd.