Sany Heavy Equipment acquires offshore assets

Shanghai: Sany Heavy Equipment has entered into a share transfer agreement with Sany Hong Kong to purchase the entire issued share capital in Sany Marine Industry International Holdings Company from Sany Hong Kong for around RMB760m.

The offshore asset acquisition will be settled through the issuance of convertible preference shares.

SANY Heavy Equipment is a large-sized manufacturing enterprise specializing in manufacturing and sales of coal machinery. [10/11/14]

 

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