Harbin Electric to buy minority stakes in three subsidiaries for CNY 433 million

Harbin Electric (01133) signed an agreement with Huarong Company to purchase 10.37% of Electric Company, 5.22% of Boiler Company, and 26.96% of Turbine Company for a total of approximately CNY 433 million, increasing its ownership in each.

“该公司与华融公司于2019年11月28日订立《股权转让协议》，华融公司同意将其持有的电机公司10.37%、锅炉公司5.22%及汽轮机公司26.96%股权转让给该公司”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com哈尔滨电气(01133)拟约4.33亿元购买电机公司10.37%、锅炉公司5.22%及汽轮机公司26.96%股权Nov 29, 2019

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