# Wolong Electric to sell 92.5% stake in Yinchuan Transformer to Red Phase Power for 1.082 billion yuan

Wolong Electric plans to transfer its 92.5% stake in subsidiary Wolong Electric Yinchuan Transformer to Xiamen Red Phase Power Equipment for 1.082 billion yuan, with 70% paid in shares and 30% in cash.

- Type: Acquisition
- Announced: 2016-11-30
- Where: Yinchuan, China
- Value: $157.0M (1.08B CNY)
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Wolong Electric Group](https://endata.com/companies/10591.md) (partner)
- [Xiamen Red Phase Power Equipment](https://endata.com/companies/19835.md) (acquirer)
- [Wolong Electric Yinchuan Transformer](https://endata.com/companies/19836.md) (target)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/ggjjd/20150607_62017/201611/t20161130_5107690.html), 2016-11-30: "卧龙电气拟以10.82亿元转让银川变压器92.5%股权"

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