Recently, Mr. Chen Huxiong, President of Shanghai Chenguang Stationery Co., LTD. (hereinafter referred to as "Chenguang Stationery" "Company") and Mr. Andre Francis Viegas, former shareholders and actual controllers of Anshuo Stationery (Shanghai) Co., LTD. (hereinafter referred to as "Shanghai Anshuo"), Successfully signed the "Share Transfer Agreement" at the Shanghai headquarters of M&G Stationery, and acquired 56% of the shares of Shanghai Ishares. Upon completion of the acquisition, Ishares Shanghai will become the holding subsidiary of M&G Stationery.
M&g Stationery and Shanghai Ishares signed a share transfer agreement
As a national high-tech enterprise, Shanghai Anshuo has a strong competitive advantage in the wood bar and pencil industry, and a strong technical research and development ability in the subdivided categories. Its export business covers more than 80 countries and regions around the world. At present, we have more than 50 patents in the field of pencil refill formula, paint formula, wood deep processing, pencil processing technology and equipment, and we have a well-known brand at home and abroad -- MARCO in the wood pencil industry.
With the acquisition of Shanghai Ishares, M&G Stationery will acquire the world's leading supply chain resources for wooden pencils, which will become another category of M&G stationery that occupies a leading position in the market after neutral pens. The company can further enhance the technical research and development ability of the segmented categories, enrich the multi-brand camp, promote the development of export business, and enhance the competitiveness of the enterprise; And accelerate the industrial layout, expand and strengthen the main business of student stationery, to achieve the company's "strong commodity" strategy.
President and other company executives with Shanghai Ishares shareholders
After the acquisition, M&G Stationery and Shanghai Ishares will join forces to realize complementary advantages and resource sharing, give full play to the synergies between the two parties in brand, technology, channels, customers and suppliers, further develop and expand the business, and enhance the comprehensive competitiveness of the company. In the future, both sides will work together to promote the sustainable and healthy development of the industry, create more value for users, and provide better products and services.
