# Huatie Emergency to acquire 51% stake in Henglu Technology for $1.97 billion

Huatie Emergency (603300) announced it will acquire a 51% stake in Zhejiang Henglu Technology Development Co., Ltd. for a total of CNY1.97 billion, including a share purchase and capital increase.

- Type: Acquisition
- Announced: 2019-11-12
- Where: China
- Value: $28.0M (197.0M CNY)
- Status: announced
- Products: aluminum formwork for construction
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Huatie Emergency](https://endata.com/companies/43235.md) (acquirer)
- [Zhejiang Henglu Technology Development](https://endata.com/companies/43236.md) (target)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201911/t20191112_5998520.html), 2019-11-12: "华铁应急(603300)11月12日晚公告，公司拟1.11亿元收购浙江恒铝科技发展有限公司部分股权，同时，公司拟8578万元认购标的公司新增注册资本。交易完成后，公司合计持有标的公司51%股权。"

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