Chen Delin completed the acquisition of 5.01% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE : 603800) from Qingdao Mingying Investment Co., Ltd.
May 11, 2023
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Chen Delin signed the share transfer agreement to acquire 5.01% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE : 603800) from Qingdao Mingying Investment Co., Ltd for approximately CNY 260 million on march 31, 2023. Chen Delin will acquire 10,420,800 shares in the company from Mingying Investment at transfer price is CNY 24.63 per share.
Chen Delin completed the acquisition of 5.01% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE : 603800) from Qingdao Mingying Investment Co., Ltd on May 11, 2023.
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.
Chen Delin completed the acquisition of 5.01% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE : 603800) from Qingdao Mingying Investment Co., Ltd.