Jiangsu Bide Science and Technology Co., Ltd. completed the acquisition of Beijing Hesheng Kaida Rail Transit Equipment Co., Ltd. from Beijing Yongzheng Group Co., Ltd and Tianjin Hesheng Enterprise Management Partnership (Limited Partnership).
January 30, 2024
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Jiangsu Bide Science and Technology Co., Ltd. (SHSE:605298) agreed to acquire Beijing Hesheng Kaida Rail Transit Equipment Co., Ltd. from Beijing Yongzheng Group Co., Ltd and Tianjin Hesheng Enterprise Management Partnership (Limited Partnership) for CNY 43.55 million on January 10, 2024. Beijing Hesheng Kaida Rail Transit Equipment Co., Ltd. reported Total assets worth CNY 80.9 million and Total Common equity of CNY 27.7 million in June 30, 2023.
Jiangsu Bide Science and Technology Co., Ltd. (SHSE:605298) completed the acquisition of Beijing Hesheng Kaida Rail Transit Equipment Co., Ltd. from Beijing Yongzheng Group Co., Ltd and Tianjin Hesheng Enterprise Management Partnership (Limited Partnership) on January 31, 2024.
Jiangsu Bide Science and Technology Co Ltd is a China-based company principally engaged in the research and development, production and sales of supporting products for rail transit vehicles such as medium and high-speed electric multiple unit trains and urban rail vehicles. The Company's main products include vehicle ventilation systems, cable protection systems, intelligent control sand spreading systems and other rail transit vehicle supporting products. In addition, the Company also owns other newly developed products such as contact obstacles and derailment detection systems, which are mainly used in the field of trains with various levels of automation, including non-automated trains, semi-automated trains and fully automated trains. The Company mainly conducts its businesses in the domestic market.
Jiangsu Bide Science and Technology Co., Ltd. completed the acquisition of Beijing Hesheng Kaida Rail Transit Equipment Co., Ltd. from Beijing Yongzheng Group Co., Ltd and Tianjin Hesheng Enterprise Management Partnership (Limited Partnership).