Changchai Company, Limited completed the acquisition of 41.5% stake in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. from Jiangsu Keda Asset Management Co., Ltd.
June 29, 2022
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Changchai Company, Limited (SZSE:000570) agreed to acquire a 41.5% stake in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. from Jiangsu Keda Asset Management Co., Ltd. for CNY 33.5 million on January 12, 2022. The transaction has been approved at the sixth extraordinary meeting of the board of directors of Changchai Company.
Changchai Company, Limited (SZSE:000570) completed the acquisition of 41.5% stake in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. from Jiangsu Keda Asset Management Co., Ltd. on June 30, 2022.
CHANGCHAI COMPANY, LIMITED is a China based company principally engaged in the production and sales of diesel engines. The Company's main product is Changchai trademark of middle-size and small-size single cylinder and multi-cylinder diesel engines. The Company's products are mainly used in tractors, combine harvesters, light commercial vehicles, agricultural equipments, small construction machinery, generator sets and ship engines. The Company distributes its products within the domestic market and to overseas markets.
Changchai Company, Limited completed the acquisition of 41.5% stake in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. from Jiangsu Keda Asset Management Co., Ltd.