Zhuji Fanhong Enterprise Management Partnership (Limited Partnership) Enterprise completed the acquisition of a 5.97% stake in Allied Machinery Co., Ltd..
December 21, 2022
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Fang Donghui agreed to acquire 5.97% of stake in Allied Machinery Co., Ltd. (SHSE:605060) from Zhuji Fanhong Enterprise Management Partnership (Limited Partnership) Enterprise for CNY 14.4 million on November 23, 2022.
Zhuji Fanhong Enterprise Management Partnership (Limited Partnership) Enterprise completed the acquisition of a 5.97% stake in Allied Machinery Co., Ltd. (SHSE:605060) on December 21, 2022. Post acquisition, Fang Donghui holds 5.97% stake in Allied Machinery.
Allied Machinery Co Ltd is a China-based company principally engaged in the research and development, design, production and sales of high-precision mechanical parts and precision cavity mold products, as well as provides one-stop services from casting to finishing. The Company's main products are: compressor parts mainly cover two major types of compressor parts, which are centrifugal compressors and screw compressors. Construction machinery components mainly include box components, transmission covers, body components, transmission box components, clutch housings, gear covers, and transmission accessories. Injection molding machine parts mainly include static plate, moving plate, oil cylinder, frame, motor seat, feeding pipe and bottom cover. Food machinery components mainly include frame, main body, crosshead, connecting rod assembly, power frame, front frame, gear cover and bearing cover. The Company distributes its products both in the domestic market and to overseas markets.
Zhuji Fanhong Enterprise Management Partnership (Limited Partnership) Enterprise completed the acquisition of a 5.97% stake in Allied Machinery Co., Ltd..
ALLIED MACHINERY CO., LTD. 
