Bichamp Cutting Technology Co., Ltd. completed the acquisition of 44.23% stake in Dongguan Botai Electronics Co., Ltd. from Jiaxing Hairong No. 12 Equity Investment Partnership Enterprise (Limited Partnership)
January 03, 2023
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Bichamp Cutting Technology (Hunan) Co., Ltd. (SZSE:002843) intends to acquire a 44.23% stake in Dongguan Botai Electronics Co., Ltd. from Jiaxing Hairong No. 12 Equity Investment Partnership Enterprise (Limited Partnership) for CNY 139.25 million on October 18, 2022. The company will use its own funds of CNY139.25 million to acquire CNY6.25 million worth of investment amount in Botai Electronics Bichamp Cutting Technology's board has approved the transaction.
Bichamp Cutting Technology (Hunan) Co., Ltd. (SZSE:002843) completed the acquisition of 44.23% stake in Dongguan Botai Electronics Co., Ltd. from Jiaxing Hairong No. 12 Equity Investment Partnership Enterprise (Limited Partnership) on January 4, 2023
Bichamp Cutting Technology (Hunan) Co Ltd is a China-based company principally engaged in the research and development, manufacture and sales of bimetal hacksaw blades, carbide hacksaw blades and related products. The Company's main products include composite steel belts, bimetal hacksaw blades and carbide hacksaw blades. The Company's products are applied in machinery manufacturing, auto part, steel metallurgy, mold processing, rail transit, large-scale forging, aerospace and nuclear power fields. The Company distributes its products within domestic market and to overseas markets.