Gansu Electric Equipment Group Co., Ltd. cancelled the acquisition of 38.7% stake in Lanzhou GreatWall Electrical Co., Ltd from Gansu State-owned Assets Investment Group Co., Ltd.
June 13, 2020
Share
Gansu Electric Equipment Group Co., Ltd. agreed to acquire 38.7% stake in Lanzhou GreatWall Electrical Co., Ltd (SHSE:600192) from Gansu State-owned Assets Investment Group Co., Ltd. for free on June 14, 2019. Gansu Electric Equipment Group Co., Ltd. will acquire 171.27 million shares of Lanzhou GreatWall Electrical Co., Ltd. As of August 13, 2019, GreatWall Electrical Co., Ltd received the approval from the China Securities Regulatory Commission of the Gansu Electric Equipment Group Co., Ltd. regarding the exemption of the tender offer obligation.
Gansu Electric Equipment Group Co., Ltd. cancelled the acquisition of 38.7% stake in Lanzhou GreatWall Electrical Co., Ltd (SHSE:600192) from Gansu State-owned Assets Investment Group Co., Ltd. on June 14, 2020.
LANZHOU GREATWALL ELECTIRCAL CO., LTD. is a China-based company principally engaged in the research and development, manufacture and sales of electrical products. The Company's main products include high, middle and low-voltage switchgears, high, middle and low-voltage electrical components, electrical transmission automation equipment and new energy equipment. The Company also provides fruit juice concentrate devices. The Company conducts its businesses within domestic market and overseas markets.
Gansu Electric Equipment Group Co., Ltd. cancelled the acquisition of 38.7% stake in Lanzhou GreatWall Electrical Co., Ltd from Gansu State-owned Assets Investment Group Co., Ltd.
LANZHOU GREATWALL ELECTRICAL CO., LTD 
