Zhangjiagang Chemical Machinery Co., Ltd. completed the acquisition of 95% stake in Innovative Coal Chemical Design Institute Co., Ltd. from Qian Runqi.
January 08, 2013 at 04:00 am
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Zhangjiagang Chemical Machinery Co., Ltd. (SZSE:002564) signed a letter of intent to acquire 95% stake in Innovative Coal Chemical Design Institute (Shanghai) Co., Ltd. from Qian Runqi for CNY 42.8 million in cash on December 20, 2012. The transaction is subject to approval by Zhangjiagang Chemical Machinery shareholders. As of January 8, 2013, the shareholders of Zhangjiagang Chemical Machinery Co., Ltd. approved the transaction.
Zhangjiagang Chemical Machinery Co., Ltd. (SZSE:002564) completed the acquisition of 95% stake in Innovative Coal Chemical Design Institute (Shanghai) Co., Ltd. from Qian Runqi on January 8, 2013.
SuZhou THVOW Technology. Co. ,Ltd is a China-based manufacturer of high-end equipment. The Company's main products include heat exchangers, separators, reactors, storage tanks, towers, filters and evaporators in various materials and specifications. The Company's products are used in petrochemical, coal chemical, metallurgy and electric power industries, among others. The Company is also involved in the Engineering Procurement Construction (EPC) of electric power and new energy projects, the manufacture of military and marine engineering equipment, as well as logistics and warehousing business. The Company operates its business in domestic market and overseas markets.
Zhangjiagang Chemical Machinery Co., Ltd. completed the acquisition of 95% stake in Innovative Coal Chemical Design Institute Co., Ltd. from Qian Runqi.
SUZHOU THVOW TECHNOLOGY. CO., LTD. 
