Qian Yusong acquired 5% stake in Eurocrane Co., Ltd. from Jin Hongping for approximately CNY 130 million.
January 25, 2024
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Qian Yusong signed a share transfer agreement to acquire 5% stake in Eurocrane (China) Co., Ltd. (SHSE:603966) from Jin Hongping for approximately CNY 130 million on December 15, 2023. Qian Yusong will acquire 18.03 million shares for CNY 7.19 per share.
Qian Yusong completed the acquisition of 5% stake in Eurocrane (China) Co., Ltd. (SHSE:603966) from Jin Hongping on January 24, 2024.
Eurocrane China Co Ltd is a China-based company mainly engaged in the research and development, manufacturing, sales and service of intelligent material handling solutions. The Company's main products include various types of aerial handling robots, European cranes, cable cranes, electric hoists, and full life cycle services for heavy-duty handling systems. The Company's products are used in energy equipment, rail transportation, papermaking, food processing, new energy vehicles, water conservancy and hydropower, national defense and military industry, ships, steel, environmental protection, clean energy, scientific research institutes and other sub-industries. The Company's products are sold in domestic and foreign markets.