China High Speed Drive to sell non-gear businesses and up to 73.91% stake to potential buyer

China High Speed Drive Equipment Group (listed as 00658) plans to sell its non-gear businesses, including subsidiaries in boilers, metallurgical equipment, diesel engines, semiconductors, heavy forging, machine tools, and more. Additionally, a potential buyer may acquire 51% to 73.91% of the company's shares from Five Seasons and Ji Changqun.

“丰盛及Five Seasons与潜在要约人已订立日期为2018年6月30日的框架协议，内容有关可能按暂定转让价范围每股中国传动股份9.99元至11.25元人民币买卖Five Seasons于中国传动的直接股权权益(其将占中国传动已发行股份51%至73.91%)。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com中国高速传动(00658)拟出售非齿轮业务及获丰盛控股(00607)联合售51%至73.91%股份Jul 2, 2018

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