# Jiangsu Shentong signs framework agreement to acquire control of valve maker Dewei

Jiangsu Shentong signed a letter of intent with Dewei Valve Casting (Suzhou) and its controlling shareholder HOT EXCESS HOLDINGS to take control of Dewei through a mix of share purchase and cash capital injection. Dewei is a valve supplier to major international oil and gas companies.

- Type: Acquisition
- Announced: 2022-02-14
- Where: China
- Status: announced
- Products: industrial valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Jiangsu Shentong](https://endata.com/companies/8914.md) (acquirer)
- [Dewei Valve Casting (Suzhou)](https://endata.com/companies/8915.md) (target)
- [HOT EXCESS Holdings](https://endata.com/companies/8916.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/658311.html), 2022-02-14: "公司拟通过受让标的公司现有股份及以现金向标的公司增资相结合的方式收购标的公司控股权。"

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