Shandong Liancheng Precision Manufacturing Co., Ltd agreed to acquire 64.4131% stake in Jiangsu SumecDeLong Precision Forging Co.,Ltd from SUMEC Machinery & Electric Co., Ltd. for CNY 77.3 million.
February 01, 2024
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Shandong Liancheng Precision Manufacturing Co., Ltd (SZSE:002921) signed a letter of intent to acquire 64.4131% stake in Jiangsu SumecDeLong Precision Forging Co.,Ltd from SUMEC Machinery & Electric Co., Ltd. for CNY 77.3 million on October 18, 2023. Shandong Liancheng Precision Manufacturing Co., Ltd (SZSE:002921) agreed to acquire 64.4131% stake in Jiangsu SumecDeLong Precision Forging Co.,Ltd from SUMEC Machinery & Electric Co., Ltd. for CNY 77.3 million on January 30, 2024. The consideration consists of CNY 77.30 million in cash.
Shandong Liancheng Precision Manufacturing Co., Ltd is a China-based company mainly engaged in the research and development, design, manufacture and sales of precision machine parts. The Companyâs main products include automotive pump shells, housings, chassis, trunnions, flanges, damping wheels, damping rings, shock absorber parts shells, valve parts, pump casings and others. The Companyâs products are mainly apply in passenger cars, commercial vehicles, diesel engines, construction machinery, commercial compressors, hydraulic machineries, thermal power generation, high-speed rails, environmental water treatment and other industry fields. The Company distributes its products in domestic market and to overseas markets.
SHANDONG LIANCHENG PRECISION MANUFACTURING CO., LTD 
