Hangzhou Huaguang Investment Co., Ltd. acquired 9.75% stake in Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. from Hangzhou Tongzhou Investment Co., Ltd. for CNY 10.63 million.
March 16, 2024
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Hangzhou Huaguang Investment Co., Ltd. signed an agreement to acquire 9.75% stake in Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. (SHSE:688379) from Hangzhou Tongzhou Investment Co., Ltd. for CNY 10.63 million on December 29, 2023. As on January 25, 2024, supplementary agreement was signed where the transfer price was adjusted to CNY 138.4 million at CNY 16 per share.
Hangzhou Huaguang Investment Co., Ltd. completed the acquisition of 9.75% stake in Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. (SHSE:688379) from Hangzhou Tongzhou Investment Co., Ltd. on March 15, 2024.
Hangzhou Huaguang Advanced Welding Materials Co Ltd is a China-based company mainly engaged in the research and development, manufacturing and sales of brazing materials. The Company's main products are electronic connection materials such as copper-based solder, silver solder, silver paste and tin-based solder. The Company's products are widely used in many fields such as refrigeration and heating and ventilation, power and electrical, electronics, new energy vehicles, and other industrial applications. The Company provides customers with integrated services such as welding materials, welding equipment, welding tools, weldment processing, and welding technology.
HANGZHOU HUAGUANG ADVANCED WELDING MATERIALS CO.,LTD. 
