# Tongda Group completes acquisition of remaining 30% stake in Tongda Precision Technology

Tongda Group's wholly-owned subsidiary Tongda (Xiamen) completed the acquisition of the remaining 30% equity in Tongda Precision Technology from Chen Xueru for HKD 292 million, making it a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2018-12-05
- Where: Hong Kong SAR China
- Value: $37.3M (292.0M HKD)
- Status: completed

## Companies

- [Tongda Group](https://endata.com/companies/19315.md) (acquirer)
- [Tongda Precision Technology](https://endata.com/companies/19316.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/168451.html), 2018-12-05: "收购事项已于2018年12月5日根据收购协议的条款及条件完成。"

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