# Bingshan Refrigeration & Heat Transfer Technologies sells 17.8% stake in Cold King Container Temperature Control to Trane Technologies

Bingshan Refrigeration & Heat Transfer Technologies (Bingshan Lengre) agreed to sell its 17.8% stake in Cold King Container Temperature Control (Suzhou) to Trane Technologies European Holding Company B.V. for 102 million yuan. The transaction has been completed.

- Type: Acquisition
- Announced: 2022-06-30
- Where: Suzhou, China
- Value: $15.0M (102.0M CNY)
- Status: completed
- Products: container temperature control equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Trane Technologies](https://endata.com/companies/6465.md) (acquirer)
- [Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.](https://endata.com/companies/63125.md) (partner)
- [Cold King Container Temperature Control (Suzhou)](https://endata.com/companies/63808.md) (target)

## Sources

- [qdcaijing.com](http://www.qdcaijing.com/p/406499.html), 2022-06-30: "冰山冷热6月30日公告，公司拟以1.02亿元的价格，向Trane Technologies European Holding Company B.V.转让所持冷王集装箱温度控制(苏州)有限公司17.8%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.