Zhengzhou Coal Mining Machinery consortium acquires 43.33% stake in Luoyang LYC Bearing for 1.007 billion yuan

A consortium led by Zhengzhou Coal Mining Machinery (Zhengmei) and including AVIC Industry Investment acquired a 43.33% stake in Luoyang LYC Bearing Co., Ltd. for 1.007 billion yuan (approx. 10.07 billion yuan) on August 11, 2022. Zhengmei's share is about 16.67% with an investment not exceeding 400 million yuan.

“联合体与洛阳国宏投资控股集团有限公司签署了《产权交易合同》，约定转让方将洛轴公司43.33%股权以合计10.07亿元的价格转让给联合体。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com郑煤机(601717.SH)联合中航产投等以10.07亿元摘牌洛阳LYC轴承公司43.33%股权Aug 11, 2022

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