King Explorer Science and Technology to acquire 51% stake in Jacon Technologies

Chinese explosives maker King Explorer Science and Technology will spend AUD 16 million to acquire a 51% controlling stake in Australian construction machinery maker Jacon Technologies. The deal is subject to regulatory approvals expected by end of September 2018.

“King Explorer Science and Technology will spend AUD16 million (USD11.7 million) to take a controlling share in construction machinery maker Jacon Technologies”yicaiglobal.com

• 1 source
• yicaiglobal.comChinese Explosives Maker Pulls Trigger on Australian Constructor TakeoverTang ShihuaAug 10, 2018

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