Boshi Tools to acquire Jinniu Abrasives for 1.2 billion yuan

Boshi Tools (002282) announced a plan to acquire 100% of Jinniu Abrasives for an initial transaction price of 1.2 billion yuan, paid through a combination of share issuance and cash. The acquisition will expand Boshi Tools into the coated abrasives market.

“博深工具拟以发行股份及支付现金的方式购买交易对方杨建华等持有的金牛研磨 100% 股权，初步交易价格为12亿元”cs.com.cn

• 1 source
• cs.com.cn博深工具拟12亿并购金牛研磨_中证网Apr 5, 2017

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