Tangshan Guokong Science and Technology Innovation Investment Group Co., Limited agreed China Titans Energy Technology Group Co., Limited for approximately HKD 310 million.

Tangshan Guokong Science and Technology Innovation Investment Group Co., Limited agreed to acquire China Titans Energy Technology Group Co., Limited (SEHK:2188) for approximately HKD 310 million on May 24, 2023. Under the terms, 566,970,000 will be acquired HKD 0.34 per share in cash will be paid under the consideration. Consideration will be financed from own resources.

Offer is from May 24, 2026 to June 28, 2023. Guotai Junan Capital Limited acted as financial advisor and Guotai Junan Securities (Hong Kong) Limited as offer agent to Tangshan Guokong Science.