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Yankuang Energy's wholly-owned subsidiary Donghua Heavy Industry agreed to acquire 100% equity of High-End Support Company from Shanneng Equipment for CNY 345 million, to resolve competition and integrate equipment manufacturing.
“东华重工同意收购而山能装备同意出售其所持有的高端支架公司100%股权,股权转让价款总额为人民币3.45亿元。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.