QuakeSafe Technologies Co., Ltd. completed the acquisition of 23.33% stake in Changzhou Gelin Electric Machinery Manufacturing Co., Ltd. from Lu Mengsu, Zou Peihua, Qian Yapeng, Lu Xingmei and Ni Zhong.
April 01, 2022
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QuakeSafe Technologies Co., Ltd. (SZSE:300767) signed an Equity Transfer Agreement to acquire 23.33% stake in Changzhou Gelin Electric Machinery Manufacturing Co., Ltd. from Lu Mengsu, Zou Peihua, Qian Yapeng, Lu Xingmei and Ni Zhong for CNY 21.05 million on February 22, 2022.
QuakeSafe Technologies Co., Ltd. (SZSE:300767) completed the acquisition of 23.33% stake in Changzhou Gelin Electric Machinery Manufacturing Co., Ltd. from Lu Mengsu, Zou Peihua, Qian Yapeng, Lu Xingmei and Ni Zhong on April 1, 2022. Post acquisition, QuakeSafe holds 90% stake in Changzhou Gelin Electric Machinery Manufacturing Co., Ltd.
QuakeSafe Technologies Co., Ltd. formerly Yunnan QuakeSafe Seismic Isolation Technologies Co., Ltd. is a China-based company mainly engaged in research and development, production and sales of building isolation rubber bearings. The Company's main products include isolation bearings, elastic skateboard bearings, energy dampers, road bridge bearings and others. The Company also provides related technical services such as isolation consultation, isolation design, isolation rubber bearing installation guidance, replacement and maintenance. The Company's products are mainly used in schools, hospitals, commercial and residential properties, public buildings and other public housings in the field of affordable housing. The Company mainly conducts its businesses in domestic market.
QuakeSafe Technologies Co., Ltd. completed the acquisition of 23.33% stake in Changzhou Gelin Electric Machinery Manufacturing Co., Ltd. from Lu Mengsu, Zou Peihua, Qian Yapeng, Lu Xingmei and Ni Zhong.
QUAKESAFE TECHNOLOGIES CO., LTD. 
