Suzhou Luhai Holdings Co., Ltd. agreed to acquire Suzhou Daosen Materials Co., Ltd. from Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800) for CNY 60.2 million on April 2, 2024. Suzhou Daosen Materials reported Total assets worth CNY 95.2 million and Total common equity of CNY 59.2 million on November 30, 2023. Transaction has already been approved by Suzhou Douson Drilling & Production Equipment's board of director's and is still subject to approval from Suzhou Douson Drilling & Production Equipment' shareholders.