# Qing'an Company to merge Qing'an Refrigeration with Jidian Sanyo

AVIC Electromechanical subsidiary Qing'an Company plans to merge its controlled entity Qing'an Refrigeration with Shenyang AVIC Jidian Sanyo Refrigeration Equipment Co., Ltd. via a new-entity consolidation. The transaction price will be based on appraised value.

- Type: Acquisition
- Announced: 2020-12-23
- Where: China
- Status: announced
- Products: refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Qing'an Company](https://endata.com/companies/52101.md)
- [Qing'an Refrigeration](https://endata.com/companies/52102.md) (target)
- [Jidian Sanyo](https://endata.com/companies/52103.md) (target)
- [AVIC Electromechanical](https://endata.com/companies/52104.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/382853.html), 2020-12-23: "本次重组有利于公司进一步聚焦主业，提升上市公司资产质量及持续盈利能力。"

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