Anhui Yingliu Electromechanical Co., Ltd. signed the equity transfer agreement to acquire remaining 49% stake in Anhui Yingliu Casting Industry Co., Ltd from Valvulas Worcester De Mexico, S.A. De C.V. for CNY 13.2 million.
August 28, 2020
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Anhui Yingliu Electromechanical Co., Ltd. (SHSE:603308) signed the equity transfer agreement to acquire remaining 49% stake in Anhui Yingliu Casting Industry Co., Ltd from Valvulas Worcester De Mexico, S.A. De C.V. for CNY 13.2 million on August 27, 2020. Under the terms, Anhui Yingliu Electromechanical will pay 40% of purchase price within 15 working days of completion and remaining 60% will be paid within 15 working days from the date of completion of the industrial and commercial change registration. In 2019, Anhui Yingliu Casting generated revenue of CNY 608.9 million and loss of CNY 4.6 million.
ANHUI YINGLIU ELECTROMECHANICAL CO., LTD is a China-based company, principally engaged in the research and development, manufacture and distribution of professional equipment parts and components. The Company's main products include pump and valve parts, and machinery and equipment components. Its products are applied in aviation, nuclear power, oil and gas, resources, defense industry and other high-end equipment fields. The Company distributes its products within domestic market and to overseas markets.
Anhui Yingliu Electromechanical Co., Ltd. signed the equity transfer agreement to acquire remaining 49% stake in Anhui Yingliu Casting Industry Co., Ltd from Valvulas Worcester De Mexico, S.A. De C.V. for CNY 13.2 million.
ANHUI YINGLIU ELECTROMECHANICAL CO., LTD. 
