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Oriental Yuhong, through its wholly-owned subsidiary Hong Kong Oriental Yuhong Investment Co., Ltd., has agreed to acquire 100% equity of The Universal Hardware & Plastic Factory Limited for approximately HK$164 million. The target company produces plastic pipes and fittings under the 'Anchor' brand in Hong Kong and Guangdong.
“Oriental Yuhong announced that its wholly-owned subsidiary, Hong Kong Oriental Yuhong Investment Co., Ltd., had signed an agreement on March 16 to acquire 100% equity of The Universal Hardware & Plastic Factory Limited (World Hardware & Plastic Factory Co., Ltd.) for approximately HK$164 million usi”ahdpolymer.com
Summarized from public sources; check the original articles before acting on it.