Taiyuan Heavy Machinery Group Co., Ltd. completed the acquisition of 49% stake in TZ Binhai Heavy Machinery Co., Ltd. from Taiyuan Heavy Industry Co., Ltd.
August 06, 2023
Share
Taiyuan Heavy Machinery Group Co., Ltd. agreed to acquire 49% stake in TZ (Tianjin) Binhai Heavy Machinery Co., Ltd. from Taiyuan Heavy Industry Co., Ltd. for CNY 620 million on June 2, 2023. The deal has been approved by shareholders of Taiyuan Heavy Industry Co., Ltd.
Taiyuan Heavy Machinery Group Co., Ltd. completed the acquisition of 49% stake in TZ (Tianjin) Binhai Heavy Machinery Co., Ltd. from Taiyuan Heavy Industry Co., Ltd. on August 7, 2023.
TAIYUAN HEAVY INDUSTRY CO.,LTD. is a China-based company, principally engaged in the manufacture and sales of heavy duty equipment. The Company's main products include excavators and coking devices, cranes, train axles and wheel-pairs, rolling mills and forging equipment, gear rotating machinery, coal chemical industry equipment, wind power equipment, oil film bearings and casting and forgings. Its products are applied in metallurgy, mining, energy, transportation, marine, aerospace, chemical, railway, shipbuilding, environmental protection and other industries. The Company distributes its products within domestic market and to overseas markets.
Taiyuan Heavy Machinery Group Co., Ltd. completed the acquisition of 49% stake in TZ Binhai Heavy Machinery Co., Ltd. from Taiyuan Heavy Industry Co., Ltd.