Shanghai Changwang Meteotech Co., Ltd cancelled the acquisition of Shaanxi Zhongtian Rocket Technologies Co., Ltd from Academy of Aerospace Solid Propulsion Technology in cash and stock.
February 18, 2017
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Shanghai Changwang Meteotech Co., Ltd signed a framework agreement to acquire Shaanxi Zhongtian Rocket Technologies Co., Ltd from Academy of Aerospace Solid Propulsion Technology in cash and stock on February 19, 2016. The Board of Y.U.D.Yangtze River Investment Industry Co.,Ltd, parent of Shanghai Changwang Meteotech Co., Ltd unanimously approved the transaction.
Shanghai Changwang Meteotech Co., Ltd cancelled the acquisition of Shaanxi Zhongtian Rocket Technologies Co., Ltd from Academy of Aerospace Solid Propulsion Technology in cash and stock on February 19, 2017.
Shaanxi Zhongtian Rocket Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of small solid rockets and their extended products. The products include rain-enhancing and anti-hail rockets, sounding rockets, small guided rockets, carbon thermal field materials, solid rocket motors, ablation resistant components and intelligent weighing systems. The Company also produces and sells a small number of other products, including aircraft carbon/carbon brake discs, high-performance carbon/ceramic composite products, special alloy high-pressure contact materials, high-performance mold material products, and measurement and control system integration. The Company conducts its businesses within the China market and to overseas markets.
Shanghai Changwang Meteotech Co., Ltd cancelled the acquisition of Shaanxi Zhongtian Rocket Technologies Co., Ltd from Academy of Aerospace Solid Propulsion Technology in cash and stock.
SHAANXI ZHONGTIAN ROCKET TECHNOLOGY CO., LTD 
