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Kaishan Heavy Industry acquired land, buildings and assets of Hubei Jiangzhong Machinery Manufacturing Co., Ltd. (Jiangzhong Machinery) in Yiling District, Yichang, Hubei, China, for over 1 billion RMB. The acquisition will be used for the second phase of Kaishan Heavy Industry's Yichang manufacturing base.
“开山重工将刚刚通过竞拍购得的湖北江重机械制造有限公司土地、厂房等相关资产进行改造及新建,用于投资建设开山重工宜昌制造基地(二期)项目,总投资将超过10亿人民币。”kaishangroup.com
Summarized from public sources; check the original articles before acting on it.