# Chuanrun to acquire 75% stake in Jiangsu Ousheng Hydraulic for CNY 41.25m

Chuanrun (002272.SZ) plans to buy a 75% stake in Jiangsu Ousheng Hydraulic Technology, a maker of hydraulic plunger pumps and valves in Qidong, for RMB 41.25 million funded from internal resources.

- Type: Acquisition
- Announced: 2019-12-23
- Where: Qidong, Jiangsu, China
- Value: $5.92M (41.3M CNY)
- Status: announced
- Products: hydraulic plunger pumps, hydraulic valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Chuanrun](https://endata.com/companies/5944.md) (acquirer)
- [Jiangsu Ousheng Hydraulic Technology](https://endata.com/companies/5945.md) (target)

## Sources

- [hk.jrj.com.cn](https://hk.jrj.com.cn/2019/12/23170628573248.shtml), 2019-12-23: "公司拟自筹资金出资4125万元,收购启东佳康机电设备经营部(普通合伙)、俞杰、李亚斌、余建华合计持有的江苏欧盛液压科技有限公司75%股权。"

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