Shandong Zhongxingrui Industrial Investment Group Co., Ltd. acquired a 66.68% stake in Shandong Huayuan Laidong Diesel Engine Co., Ltd from KAMA Co.,Ltd. for CNY 1.
December 28, 2022
Share
Shandong Zhongxingrui Industrial Investment Group Co., Ltd. acquired a 66.68% stake in Shandong Huayuan Laidong Diesel Engine Co., Ltd from KAMA Co.,Ltd. (SHSE:900953) for CNY 1 on November 23, 2022. Transaction has ben approved by KAMA's board of directors.
Shandong Zhongxingrui Industrial Investment Group Co., Ltd. completed the acquisition of a 66.68% stake in Shandong Huayuan Laidong Diesel Engine Co., Ltd from KAMA Co.,Ltd. (SHSE:900953) on November 23, 2022.
Kama Co Ltd is a China-based company primarily engaged in the production and sale of trucks and small electromechanical products. The Company conducts its business through three segments. The Truck segment provides products such as mini trucks, light trucks, engineering vehicles, special vehicles, electric vehicles and pickup trucks. The Internal Combustion Engine segment provides single-cylinder diesel engines, multi-cylinder diesel engines, agricultural equipment and oil pump products, as well as small electromechanical products such as generators, engines and tea garden machinery. The Trading and Others segment is engaged in the trading business of trucks and electromechanical products. The Company conducts its business primarily in the domestic and foreign markets.
Shandong Zhongxingrui Industrial Investment Group Co., Ltd. acquired a 66.68% stake in Shandong Huayuan Laidong Diesel Engine Co., Ltd from KAMA Co.,Ltd. for CNY 1.