Shantui Construction Machinery to acquire Dezhou Degong and Shandong Degong for 413 million yuan

Shantui Construction Machinery announced it will acquire a 56.6403% stake in Dezhou Degong Machinery and 100% of Shandong Degong Machinery from Shandong Heavy Industry Group for a total of 413.08 million yuan in cash. The deal will give Shantui full ownership of Dezhou Degong and aims to integrate its loader business.

“山推股份发布公告称，公司拟采用现金方式以41308.27万元的交易对价购买山东重工集团有限公司持有的德州德工机械有限公司56.6403%股权以及山东德工机械有限公司100%股权。”news.d1cm.com

• 1 source
• news.d1cm.com山推股份：拟以4.13亿元收购德州德工56.64%股权及山东德工100%股权_行业资讯_第一工程机械网Jan 11, 2022

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