Hangzhou Turbine Power Group Co., Ltd. (SZSE:200771) agreed to acquire remaining 48% stake in Hangzhou Turbine Machinery Equipment Co., Ltd. Hangzhou Turbine Holdings Co., Ltd., Hangzhou Guoyu Property Management Co., Ltd., Hangzhou Turbine Industry Co., Ltd., Hangzhou Turbine Lanjin Enterprise Management Consulting Partnership (Limited Partnership) and others for CNY 190 million on October 31, 2023. As of September 30, 2023, Hangzhou Turbine Machinery Equipment Co., Ltd. reported total assets of CNY 410 million and total common equity of CNY 230 million. The deal has been approved by board of directors of Hangzhou Turbine Power Group Co., Ltd. (SZSE:200771).