Tibet Nuode Technology Co., Ltd. completed the acquisition of a 5% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd. from Suzhou Kechuang Investment Consulting Co., Ltd. and Jiangsu Douson Investment Co.,Ltd.
August 23, 2022
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Tibet Nuode Technology Co., Ltd. agreed to acquire a 5% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd from Suzhou Kechuang Investment Consulting Co., Ltd. and Jiangsu Douson Investment Co.,Ltd. for approximately CNY 290 million on July 7, 2022. Tibet Nuode Technology Co., Ltd. shall pay 30% of consideration within two days after agreement is approved and remaining 70% within two days after completion. The Board of Directors of Nuode Investment Co.,Ltd (SHSE:600110), parent of Tibet Nuode Technology Co., Ltd. has approved the transaction.
Tibet Nuode Technology Co., Ltd. completed the acquisition of a 5% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) from Suzhou Kechuang Investment Consulting Co., Ltd. and Jiangsu Douson Investment Co.,Ltd. on August 23, 2022.
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.
Tibet Nuode Technology Co., Ltd. completed the acquisition of a 5% stake in Suzhou Douson Drilling & Production Equipment Co.,Ltd. from Suzhou Kechuang Investment Consulting Co., Ltd. and Jiangsu Douson Investment Co.,Ltd.