Shanghai Liangxin Electrical Co., Ltd. cancelled the acquisition of 51% stake in Shenzhen Sine Electric Co.,Ltd from Tu Conghuan, Zhang Xiaoguang and He Wei
June 21, 2018
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Shanghai Liangxin Electrical Co., Ltd. (SZSE:002706) signed an agreement to acquire 51% stake in Shenzhen Sine Electric Co.,Ltd from Tu Conghuan, Zhang Xiaoguang and He Wei on March 16, 2018.
Shanghai Liangxin Electrical Co., Ltd. (SZSE:002706) cancelled the acquisition of 51% stake in Shenzhen Sine Electric Co.,Ltd from Tu Conghuan, Zhang Xiaoguang and He Wei on June 22, 2018.
Shenzhen Sine Electric Co Ltd is a high-tech enterprise specialized in the research and development, manufacture and sales of motor drive and control system products in the industrial automation field. The Company's main products include general-purpose inverters, integrated special machines and servo system products. The Company's products are applied in lifting machinery, logistics equipment, petrochemicals, wire and cable, plastic machinery, textile machinery, woodworking machinery, air compressor, printing machinery, packaging machinery, metal rolling, building material, ceramic equipment and fan, water pump and other industries. The Company's products also include motor drives for new energy vehicles. The Company distributes its products in domestic market and to overseas markets.
Shanghai Liangxin Electrical Co., Ltd. cancelled the acquisition of 51% stake in Shenzhen Sine Electric Co.,Ltd from Tu Conghuan, Zhang Xiaoguang and He Wei
SHENZHEN SINE ELECTRIC CO.,LTD. 
