Tianjin Richpeace Computer & Machinery

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Acquisition

Sep 19, 2018ACQUISITIONBaodi district, Tianjin, China$23.0M
ShangGong Group acquires 65% stake in Richpeace for $23M
ShangGong Group (SGSB) acquired a 65% stake in Tianjin Richpeace Computer & Machinery Co., Ltd. for a total investment of $23 million, including $20 million for equity and $3 million for capital increase. The acquisition was announced at Richpeace's 12th anniversary celebration in Baodi, China.
ShangGong Group acquirer Tianjin Richpeace Computer & Machinery target #Industrial Machinery apparelresources.com

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