China Oriental Group to acquire 15% stake in power equipment maker Huitong

China Oriental Group announced that its subsidiary Jinxi Steel will acquire a 15% stake in Huitong, a power transmission equipment company, for RMB 639 million. After the acquisition, Jinxi Steel will hold about 30% of Huitong's shares and become the largest single shareholder.

“于该收购完成后，津西钢铁将直接及间接合计持有汇金通已发行股份约30%，并成为汇金通的单一最大股东。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com中国东方集团(00581)拟6.39亿元收购电力设备公司汇金通15%股权Jun 7, 2020

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