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Huadong Heavy Machinery won a tender to supply 28 gantry cranes to PSA Singapore for the Tuas automated mega port, valued at USD 76.4 million. The port is expected to be ready by 2040.
Huadong Heavy Machinery Co. will invest USD442.5 million to acquire 100% of Guangdong Harvest Star Technology Co., a CNC machine tool manufacturer, to enter the high-end equipment manufacturing industry.
Huadong Heavy Machinery (华东重机) announced it will acquire 100% of Runxing Technology (润星科技) for 2.95 billion yuan, paid via stock and cash, to enter the CNC machine tool business.