Guizhou Changzheng Tiancheng Holding Co.,Ltd. cancelled the acquisition of unknown stake in Jiangsu Zhenhua Pump Industry Co.,Ltd.
June 28, 2020
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Guizhou Changzheng Tiancheng Holding Co.,Ltd. (SHSE:600112) signed a letter of intent to acquire an unknown stake in Jiangsu Zhenhua Pump Industry Co.,Ltd. on October 26, 2018. The consideration will paid by using assets and cash. Board of directors of Guizhou Changzheng Tiancheng Holding Co.,Ltd. approved the acquisition.
Guizhou Changzheng Tiancheng Holding Co.,Ltd. (SHSE:600112) cancelled the acquisition of unknown stake in Jiangsu Zhenhua Pump Industry Co.,Ltd. on June 28, 2020. The transaction was terminated because both parties was not able to reach a consensus.
GUIZHOU CHANGZHENG TIANCHENG HOLDING CO.,LTD. mainly operates through three segments, including Electrical Equipment Manufacture segment, Financial segment and Mineral Resource Development segment. Electrical Equipment Manufacture segment is involved in the manufacture and distribution of high-voltage and medium-voltage electrical equipment. Financial segment provides financial services for small and micro merchants. Mineral Resource Development segment is engaged in the exploration, processing, refining and import and export trading of mineral resources, with zirconium and ilmenite concentrate as its main products. The Company distributes its products in domestic market and to overseas markets.
GUIZHOU CHANGZHENG TIANCHENG HOLDING CO.,LTD. 