Suzhou Luhai Holdings Co., Ltd. agreed to acquire Suzhou Douson Drilling Equipment Co., Ltd. from Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) for approximately CNY 320 million on October 11, 2023. Suzhou Douson Drilling Equipment reported Total assets worth CNY 775.7 million and Total common equity of CNY 265.9 million in August 31, 2023. Transaction has already been approved by Suzhou Douson Drilling & Production Equipment's board of director's and is subject to approval from Suzhou Douson Drilling & Production Equipment's shareholders.