# Greenland Acquisition Corp to acquire Zhongchai Holding

Greenland Acquisition Corp, a SPAC, signed a share exchange agreement to acquire 100% of Zhongchai Holding, a provider of transmission systems for material handling equipment in China. Zhongchai will become a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2019-09-24
- Where: China
- Status: announced
- Products: transmission systems, forklift truck components, robotic cargo carrier
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Greenland Acquisition Corporation](https://endata.com/companies/40615.md) (acquirer)
- [Zhongchai Holding](https://endata.com/companies/42280.md) (target)

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/business-and-professional-services/greenland-acquisition-corporation-glac-signed-a-share-exchange-ag-560794), 2019-09-24: "Greenland Acquisition Corp. signed a share exchange agreement on July 12, 2019 to acquire 100% of the issued and outstanding capital stock of Zhongchai Holdings."

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