Shanghai Mechanical & Electrical Industry Co., Ltd. cancelled the acquisition of Clean Technology Universe AG from Chairman of Board, Georges Burki and Chief Executive Officer, Giorgio.
October 18, 2016
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Shanghai Mechanical & Electrical Industry Co., Ltd. (SHSE:600835) agreed to acquire Clean Technology Universe AG from Chairman of Board, Georges Burki and Chief Executive Officer, Giorgio Gadola for CHF 3.7 million on October 19, 2015. For the year ended December 31, 2014, Clean Technology Universe recorded loss of CHF 0.18 million, total assets of CHF 12.23 million, shareholder's equity of CHF 0.37 million and revenues of CHF 7.15 million.
Shanghai Mechanical & Electrical Industry Co., Ltd. (SHSE:600835) cancelled the acquisition of Clean Technology Universe AG from Chairman of Board, Georges Burki and Chief Executive Officer, Giorgio on October 19, 2016.
Shanghai Mechanical & Electrical Industry Co., Ltd. is principally engaged in the manufacture and distribution of mechanical and electrical equipment. The Company provides lifts and escalators, printing and packaging machines, refrigeration and air conditioning equipment, welding equipment, engineering machineries, wood-based panel machineries, energy engineering, hydraulic and pneumatic products and electrical equipment. The Company distributes its products within domestic market and to overseas markets.
Shanghai Mechanical & Electrical Industry Co., Ltd. cancelled the acquisition of Clean Technology Universe AG from Chairman of Board, Georges Burki and Chief Executive Officer, Giorgio.