Zhongbing Investment Management Co., Ltd. agreed to acquire 5% stake in Inner Mongolia North Hauler Joint Stock Co., Ltd. from Inner Mongolia North Heavy Industries Group Co., Ltd. for free.
May 06, 2020
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Zhongbing Investment Management Co., Ltd. agreed to acquire 5% stake in Inner Mongolia North Hauler Joint Stock Co., Ltd. (SHSE:600262) from Inner Mongolia North Heavy Industries Group Co., Ltd. for free on May 6, 2020. Under the terms, 8.5 million shares of Inner Mongolia North Hauler Joint Stock Co., Ltd. will be acquired.
Inner Mongolia North Hauler Joint Stock Co., Ltd is a China-based company, principally engaged in the development, manufacture and sales of automobiles for mining use and related spare parts. The Company's products mainly include off-road dump trucks, scrapers, loaders, bulldozers, excavators and related spare parts. The Company's products are applied in metallurgy, coal, nonferrous metal processing, chemical, construction materials, hydropower generation and transportation. It also provides aftermarket services. The Company distributes its products in domestic markets and to overseas markets.
Zhongbing Investment Management Co., Ltd. agreed to acquire 5% stake in Inner Mongolia North Hauler Joint Stock Co., Ltd. from Inner Mongolia North Heavy Industries Group Co., Ltd. for free.
INNER MONGOLIA NORTH HAULERCO., LTD. 
