Chengdu Tianke Precision Manufacturing Co. Ltd. announced that it has received CNY 77 million in funding from Linzhou Heavy Machinery Group Co., Ltd.
On January 20, 2018, Chengdu Tianke Precision Manufacturing Co. Ltd. closed the transaction. The company received CNY 77,000,000 in the transaction from new investor, Linzhou Heavy Machinery Group Co., Ltd. (SZSE:002535) for 55.0412% stake in the company. The transaction received approval from the 9th meeting of the 4th directorate and the 2nd extraordinary shareholder’s meeting.