Unifrax is a world-leading enterprise in the high-end HTIW market. Both Unifrax Asia-Pacific Holding Limited and UFX Holding II Corporation are companies under the control of Unifrax.
Unifrax Asia-Pacific Holding Limited, UFX Holding II Corporation and Nanma Town Collective Asset Management Centre of Yiyuan County have executed a Share Purchase Agreement in which Unifrax Asia-Pacific Holding Limited agrees to purchase 29.0% shares of Shandong Luyang from Nanma Collective Asset Management Center through a share transfer. Upon the completion of the acquisition, Unifrax Asia-Pacific Holding Limited will own 29.00% of Shandong Luyang's stock, becoming the largest shareholder. The strategic investment of this acquisition was approved by a general meeting of the shareholders of Luyang in August, 2014. This acquisition is, however, subject to the administrative approval of certain governmental departments.
As PRC legal counsel for Unifrax Asia-Pacific Holding Limited, Llinks provided a full range of legal services for this transaction.
