Wuxi Best Precision Machinery Co., Ltd. signed equity transfer agreement to acquire 51% stake in Suzhou Hope Best Hardware Products Co., Ltd. from Hope Best Industrial Limited for CNY 19.4 million.
May 27, 2019
Share
Wuxi Best Precision Machinery Co., Ltd. (SZSE:300580) signed equity transfer agreement to acquire 51% stake in Suzhou Hope Best Hardware Products Co., Ltd. from Hope Best Industrial Limited for CNY 19.4 million on May 25, 2019. For the period ended December 31, 2018, Suzhou Hope Best Hardware Products Co., Ltd. reported total assets of CNY 18 million, total owner's equity of CNY 13.79 million, revenue of CNY 18.48 million, operating profit of CNY 2.26 million and net profit of CNY 1.73 million.
Wuxi Best Precision Machinery Co Ltd is a company engaged in research, development, production and sales of auto parts. The Company's products include fuel auto parts, new energy auto parts, aircraft cabin parts, intelligent equipment and tooling, as well as intelligent manufacturing system integration products. The auto parts include turbocharger impeller, engine block, hydrogen fuel electric turbo compressor housing and so on.
Wuxi Best Precision Machinery Co., Ltd. signed equity transfer agreement to acquire 51% stake in Suzhou Hope Best Hardware Products Co., Ltd. from Hope Best Industrial Limited for CNY 19.4 million.
WUXI BEST PRECISION MACHINERY CO., LTD. 
