ShaoYang Victor Hydraulics Co.,Ltd terminated the acquisition of 78% stake in Ningbo Vicks Hydraulic CO., LTD. from Ningbo BaoSi Energy Equipment Co., Ltd., Sun Guoxiao, Wang Zhichao, Xia Jianpei, Wang Xiuguang and Sun Ningning
February 18, 2024
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ShaoYang Victor Hydraulics Co.,Ltd (SZSE:301079) signed share transfer intention agreement to acquire 78% stake in Ningbo Vicks Hydraulic CO., LTD. from Ningbo BaoSi Energy Equipment Co., Ltd. (SZSE:300441), Sun Guoxiao, Wang Zhichao, Xia Jianpei, Wang Xiuguang and Sun Ningning for approximately CNY 280 million on May 19, 2023. The transaction is approved by board of directors of Ningbo BaoSi Energy Equipment Co., Ltd.
ShaoYang Victor Hydraulics Co.,Ltd (SZSE:301079) terminated the acquisition of 78% stake in Ningbo Vicks Hydraulic CO., LTD. from Ningbo BaoSi Energy Equipment Co., Ltd. (SZSE:300441), Sun Guoxiao, Wang Zhichao, Xia Jianpei, Wang Xiuguang and Sun Ningning on February 19, 2024.
Shaoyang Victor Hydraulics Co Ltd is a China-based company mainly engaged in the design, research and development (R&D), production and sales of hydraulic piston pump, hydraulic cylinder and hydraulic system. The Company is also engaged in professional technical services for hydraulic products. The Company's main products are divided into two categories: hydraulic components and hydraulic systems. The hydraulic components include hydraulic piston pump and hydraulic cylinder. The Company's products are widely used in engineering machinery, metallurgy, machine tools, hydropower, wind power, valves, military industry, ships, new energy and other industries. The Company's products are exported to many countries and regions.
ShaoYang Victor Hydraulics Co.,Ltd terminated the acquisition of 78% stake in Ningbo Vicks Hydraulic CO., LTD. from Ningbo BaoSi Energy Equipment Co., Ltd., Sun Guoxiao, Wang Zhichao, Xia Jianpei, Wang Xiuguang and Sun Ningning
SHAOYANG VICTOR HYDRAULICS CO.,LTD 
