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Greenland Acquisition Corp, a SPAC, signed a share exchange agreement to acquire 100% of Zhongchai Holding, a provider of transmission systems for material handling equipment in China. Zhongchai will become a wholly-owned subsidiary.
Greenland Acquisition Corporation, a blank check company, signed a definitive share exchange agreement to acquire Zhongchai Holding (Hong Kong) Limited, a developer and manufacturer of transmission products for material handling machineries in China. Zhongchai Holding will become a wholly-owned subsidiary, and the company will rename to Greenland Technologies Holding Corporation.