# Chiu Wing Group to acquire 51% or more of Huizhou Puruikang Building Materials

Chiu Wing Group (stock code 08059) signed a non-binding memorandum of understanding to acquire 51% or more equity of Huizhou Puruikang Building Materials Co., Ltd., a company engaged in prefabricated construction, including manufacturing and R&D of precast concrete and glass fiber reinforced concrete components.

- Type: Acquisition
- Announced: 2017-12-04
- Where: Huizhou, China
- Status: announced
- Products: precast concrete components, glass fiber reinforced concrete components
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Chiu Wing Group](https://endata.com/companies/28547.md) (acquirer)
- [Huizhou Puruikang Building Materials Co., Ltd.](https://endata.com/companies/28548.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/94429.html), 2017-12-04: "公司与惠州普瑞康建筑材料有限公司订立无法律约束力的谅解备忘录，据此，公司拟透过公司一间香港附属公司以增资或认购方式，收购目标公司51%或以上的股权"

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