NARI Technology to acquire 87% stake in NR Electric for CNY 18.8 billion

NARI Technology signed a framework agreement to acquire an 87% stake in NR Electric from NARI Group Corporation and Shen Guorong for CNY 18.8 billion. The deal includes cash and stock, subject to regulatory approvals.

“NARI Technology Co., Ltd. signed a major asset reorganization framework agreement to acquire 87% stake in NR Electric Co., Ltd.”marketscreener.com

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• marketscreener.comNARI Technology Co., Ltd. signed a major asset reorganization framework agreement to acquire 87% stake in NR Electric Co., Ltd. from NARI Group Corporation and Shen Guorong for CNY 18.8 billion. | MarketScreenerS&P Capital IQMar 26, 2017

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