Shareate Tools Ltd. (SHSE:688257) made a tender offer to acquire 40% stake in Hubei Jianghan Petroleum Instrument & Meter Co.,Ltd. for CNY 61 million on November 1, 2022. Under the terms, 20,322,852 shares will be acquired at a price of CNY 3 per share. Tender offer will start from November 3, 2022 and end in December 2, 2022.

Shareate Tools Ltd. (SHSE:688257) completed the acquisition of a 34.29% stake in Hubei Jianghan Petroleum Instrument & Meter Co.,Ltd. on December 2, 2022. As per the offer, 17.4 million shares were tendered.