Suzhou Douson Drilling & Production Equipment Co.,Ltd. agreed to acquire 30% stake in Hongtian Technology Co., Ltd. from Shenzhen Guangyi Information Industry Center (Limited Partnership) and Dongfang Huishan Investment Management Center (Limited Partnership) for CNY450 million.
August 15, 2023
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Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) agreed to acquire 30% stake in Hongtian Technology Co., Ltd. from Shenzhen Guangyi Information Industry Center (Limited Partnership) and Dongfang Huishan (Zhuhai) Investment Management Center (Limited Partnership) for CNY450 million on August 14, 2023. This has been approved in the 18th Meeting of Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) 5th Directorate, and does not need the Shareholders? Approval.
Jiangsu Hongtian Technology Co Ltd, formerly Suzhou Douson Drilling & Production Equipment Co Ltd, is a China-based company engaged in the manufacture of industrial equipment. The Company operates its businesses through two segments. Oil, Electrical and Gas segment mainly provides wellhead and Christmas tree, well control equipment and pipeline valves. Electrolytic Copper Foil Equipment segment mainly provides subsea product, high-efficiency copper melting tanks, raw foil machines, cathode rollers, anti-oxidation machines, surface treatment machines and anode plates. The Company is also engaged in the manufacturing of vacuum coating equipment and vacuum magnetron sputtering coating machines. The Company mainly conducts its businesses in the domestic market and overseas markets.
Suzhou Douson Drilling & Production Equipment Co.,Ltd. agreed to acquire 30% stake in Hongtian Technology Co., Ltd. from Shenzhen Guangyi Information Industry Center (Limited Partnership) and Dongfang Huishan Investment Management Center (Limited Partnership) for CNY450 million.