Zunyi Economic and Technological Development Zone Construction and Investment Co., Ltd cancelled the acquisition of 20% stake in Zunyi City Hi-tech Industry Park Co., Ltd. from Tellhow Sci-Tech Co., Ltd
January 11, 2017
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Zunyi Economic and Technological Development Zone Construction and Investment Co., Ltd. agreed to acquire 20% stake in Zunyi City Hi-tech Industry Park Co., Ltd. from Tellhow Sci-Tech Co. Ltd (SHSE:600590) for CNY 40 million on January 12, 2016. In a related deal, a Jiangxi-based ceramics company agreed to acquire Jiangxi Tellhow Special Motor Co., Ltd. from Tellhow Sci-Tech. The transaction is approved by Board of Directors of Tellhow Sci-Tech on January 12, 2016.
Zunyi Economic and Technological Development Zone Construction and Investment Co., Ltd cancelled the acquisition of 20% stake in Zunyi City Hi-tech Industry Park Co., Ltd. from Tellhow Sci-Tech Co., Ltd (SHSE:600590) on January 12, 2017.
TELLHOW SCI-TECH CO., LTD. is a China-based company principally engaged in the research, development, production and sales of military equipment and smart power products. Its military equipment includes in-vehicle communications command systems, military power stations, radar products and others. Its smart power products include power information products, smart emergency power products and distribution automation products. The Company distributes its products within domestic market and to overseas markets.
Zunyi Economic and Technological Development Zone Construction and Investment Co., Ltd cancelled the acquisition of 20% stake in Zunyi City Hi-tech Industry Park Co., Ltd. from Tellhow Sci-Tech Co., Ltd