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Anhui Heli Co., Ltd. announced it will acquire a 51% stake in Anhui Jianghuai Heavy Engineering Machinery Co., Ltd. (Jianghuai Heavy Industry) from its parent company Anhui Forklift Group for 274 million yuan in cash. The acquisition aims to eliminate horizontal competition and integrate assets.
“本次并购将实现集团内优质资产整合进入公司体系,既是深化国企改革专业化整合的要求,也是持续巩固公司核心竞争力的有效路径。”stcn.com
Summarized from public sources; check the original articles before acting on it.