China Railway Emergency: it plans to acquire 49% equity of Zhejiang Jitong with RMB 343 million
Cailian news agency, Dec. 6, China railway emergency announcement that the company plans to acquire Huzhou Shengcheng enterprise management partnership (limited partnership) and Huzhou Jiumu investment partnership (limited partnership) with its own and self raised funds, holding a total of 49% equity of Zhejiang Jitong ground air Construction Technology Co., Ltd., with a total acquisition price of 343 million yuan. Meanwhile, the counterparty intends to use 40% of the equity transfer, i.e. RMB 137.2 million, to purchase the company's secondary market shares. The acquisition will help to strengthen unified management and internal coordination, and effectively realize the coordinated development of underground maintenance and repair.
This text is a result of machine translation.
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