SuZhou THVOW Technology. Co. ,Ltd cancelled the acquisition of Shanghai Boiler Works Co.,Ltd. from Shanghai Electric Group Company Limited.
June 20, 2022
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SuZhou THVOW Technology. Co. ,Ltd (SZSE:002564) agreed to acquire Shanghai Boiler Works Co.,Ltd. from Shanghai Electric Group Company Limited (SEHK:2727) from Shanghai Electric Group Company Limited (SEHK:2727) February 11, 2022. The issue price for this asset acquisition is CNY 4.05 per share. Shanghai Electric's 64th session of its 5th directorate approved this reorganization preliminary plan. The 38th session of the company's 4th directorate approved the reorganization preliminary plan. This transaction still needs to be approved by Shanghai Electric's approval of this reorganization's formal plan, The company's directorate's approval of this reorganization's formal plan, State-owned assets supervision and administration department, The company's shareholders' meeting, CSRC.
SuZhou THVOW Technology. Co. ,Ltd (SZSE:002564) cancelled the acquisition of Shanghai Boiler Works Co.,Ltd. from Shanghai Electric Group Company Limited (SEHK:2727) on June 21, 2022.
SuZhou THVOW Technology. Co. ,Ltd is a China-based manufacturer of high-end equipment. The Company's main products include heat exchangers, separators, reactors, storage tanks, towers, filters and evaporators in various materials and specifications. The Company's products are used in petrochemical, coal chemical, metallurgy and electric power industries, among others. The Company is also involved in the Engineering Procurement Construction (EPC) of electric power and new energy projects, the manufacture of military and marine engineering equipment, as well as logistics and warehousing business. The Company operates its business in domestic market and overseas markets.
SUZHOU THVOW TECHNOLOGY. CO., LTD. 
