Huaming Power Equipment Co.,Ltd cancelled the acquisition of Jiangsu Longji Yunneng Electric Power Technology Co., Ltd from Khorgos Longqian New Energy Technology Co., Ltd.
October 11, 2019
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Huaming Power Equipment Co.,Ltd (SZSE:002270) agreed to acquire Jiangsu Longji Yunneng Electric Power Technology Co., Ltd from Khorgos Longqian New Energy Technology Co., Ltd. for CNY 20.2 million on October 12, 2018. As of September 2018, Jiangsu Longji Yunneng Electric Power Technology Co., Ltd reported total assets of CNY 19.9 million and net assets of CNY 19.9 million. The transaction has been approved by the Board of Huaming Power Equipment Co.,Ltd and dose not need ant other shareholders approval.
Huaming Power Equipment Co.,Ltd (SZSE:002270) cancelled the acquisition of Jiangsu Longji Yunneng Electric Power Technology Co., Ltd from Khorgos Longqian New Energy Technology Co., Ltd. on October 12, 2019.
Huaming Power Equipment Co Ltd is a China-based company mainly engaged in power equipment business. The company is also engaged in computer numerical control (CNC) equipment business and power engineering business. The power equipment business mainly includes the research and development (R&D), manufacturing, sales and services of transformer on load tap changer, off-line tap changer and other power transmission and transformation equipment. The CNC equipment business is mainly engaged in the R&D, manufacturing and sales of optical electromechanical integration intelligent steel structure CNC complete sets of processing equipment. The power engineering business is mainly engaged in the contracting business of new energy power stations. The Company's products are sold to Russia, Brazil, the United States, Turkey and other countries and regions.
Huaming Power Equipment Co.,Ltd cancelled the acquisition of Jiangsu Longji Yunneng Electric Power Technology Co., Ltd from Khorgos Longqian New Energy Technology Co., Ltd.
HUAMING POWER EQUIPMENT CO.,LTD 
