LiuGong acquires 51% stake in Shanghai Jintai Engineering Machinery for $85M

Guangxi Liugong Machinery Co., Ltd. announced a 546M RMB ($85.24M) acquisition of 51% shares in Shanghai Jintai Engineering Machinery Co., Ltd. from Guangxi Liugong Group Corp., adding piling machinery to its product portfolio.

“Guangxi Liugong Machinery Co., Ltd (LiuGong) announced a 546M RMB (85.24M USD) acquisition of 51% shares in Shanghai Jintai Engineering Machinery Co., Ltd.”liugong.com

• 2 sources
• liugong.comGuangxi Liugong Machinery Co., Ltd Buys into Piling Foundation BusinessNov 30, 2017
• constructionbriefing.comLiuGong buys into Jintai - Construction BriefingAndy BrownDec 11, 2017

Summarized from public sources; check the original articles before acting on it.