# 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.

- Type: Acquisition
- Announced: 2018-06-30
- Where: China
- Status: announced
- Products: gears, boilers, metallurgical equipment, diesel engines, semiconductors, heavy forgings, machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [China High Speed Drive Equipment Group](https://endata.com/companies/18785.md) (target)
- [Five Seasons](https://endata.com/companies/18786.md) (investor)
- [Ji Changqun](https://endata.com/companies/18787.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/135810.html), 2018-07-02: "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%)。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.