# Citic Heavy Industries to sell 60% stake in Luoyang Zhongzhong Transportation

Citic Heavy Industries plans to sell its 60% stake in subsidiary Luoyang Zhongzhong Transportation via Beijing Equity Exchange, with a minimum price of 69.2072 million yuan.

- Type: Acquisition
- Announced: 2019-12-27
- Where: China
- Value: $9.90M (69.2M CNY)
- Status: announced
- Products: transportation services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CITIC Heavy Industries Company](https://endata.com/companies/25485.md)
- [Luoyang Zhongzhong Transportation](https://endata.com/companies/44182.md) (target)

## Sources

- [cs.com.cn](https://cs.com.cn/ssgs/gsxw/201912/t20191227_6012522.html), 2019-12-27: "公司拟通过北京产权交易所挂牌转让持有的全资子公司--洛阳中重运输有限责任公司60%股权，挂牌价格不低于6920.72万元。"

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