Heidelberger Druckmaschinen Aktiengesellschaft completed the acquisition of 40% stake in Tianjin Changde Technology Co., Ltd. from Masterwork Group Co., Ltd. for CNY 3.2 million.
March 16, 2023
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Heidelberger Druckmaschinen Aktiengesellschaft (XTRA:HDD) agreed to acquire 40% stake in Tianjin Changde Technology Co., Ltd. from Masterwork Group Co., Ltd. (SZSE:300195) for CNY 3.2 million on December 23, 2021. The transaction was approved by Masterwork Group Co., Ltd. held the 22nd Meeting of the 5th Directorate and the 1st Extraordinary Shareholders.
Heidelberger Druckmaschinen Aktiengesellschaft (XTRA:HDD) completed the acquisition of 40% stake in Tianjin Changde Technology Co., Ltd. from Masterwork Group Co., Ltd. (SZSE:300195) for CNY 3.2 million on September 28, 2022.
Masterwork Group Co., Ltd., formerly Masterwork Machinery Co., Ltd., is principally engaged in the research, development, production and distribution of printing equipment. The Company mainly provides hot stamping machines, mainly applied in gilding, die cutting, creasing and pressing of paper packaging decoration materials, such as paper boxes and trademarks; die cutting machines, mainly applied in die cutting, creasing and cold pressing of trademarks, paper boxes and greeting cards, pasting machines, mainly used for molding processing of foods, liquor and tobacco, medicine and cosmetics, as well as inspection equipment and others. The Company distributes its products in both domestic and overseas markets.
Heidelberger Druckmaschinen Aktiengesellschaft completed the acquisition of 40% stake in Tianjin Changde Technology Co., Ltd. from Masterwork Group Co., Ltd. for CNY 3.2 million.
MASTERWORK GROUP CO.,LTD. 
