Shanghai Mechanical & Electrical Industry Co., Ltd. cancelled the acquisition of 60% stake in Goss Graphic Systems Co., Ltd. from Goss International Corporation.
October 26, 2013 at 12:00 am EDT
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Shanghai Mechanical & Electrical Industry Co., Ltd. (SHSE:900925) agreed to acquire 60% stake in Goss Graphic Systems (China) Co., Ltd. from Goss International Corporation for approximately CNY 630 million October 26, 2012. The Board of Directors of Shanghai Mechanical approved the transaction as on October 26, 2012.
Shanghai Mechanical & Electrical Industry Co., Ltd. (SHSE:900925) cancelled the acquisition of 60% stake in Goss Graphic Systems (China) Co., Ltd. from Goss International Corporation on October 26, 2013.
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 60% stake in Goss Graphic Systems Co., Ltd. from Goss International Corporation.