Wanshun New Materials: Relevant audit and evaluation work for Eurofoil Luxembourg has been completed

K-LinePoet

2026-03-18 08:31:06

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Wanshun New Materials announced that its wholly-owned subsidiary Jiangsu Zhongji Composite Materials (Hong Kong) Limited plans to purchase 100% equity of Eurofoil Luxembourg S.A. held by Aluminium Investment Company Limited for EUR 12.3889 million in cash. After the completion of this transaction, the company will hold 100% equity of Eurofoil Luxembourg, which will be included in the company’s consolidated financial statements. According to the valuation, the net asset market value of Eurofoil Luxembourg is EUR 32.1703 million, with an appraisal value increase of EUR 11.1501 million over its book value, an increase rate of 53.04%. Recently, the related audit and valuation work for Eurofoil Luxembourg has been completed. The company held the seventh session of the second board of directors meeting on March 16, 2026, which approved the proposal for Jiangsu Zhongji Composite Materials (Hong Kong) Limited to use cash to purchase the equity of Eurofoil Luxembourg S.A.

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