Aerosun Corporation (SHSE:600501) entered into an agreement to acquire remaining 38% interest in Nanjing Chenguang Dongluo Bellows Co., Ltd from Technoflex Corporation (TSE:3449) for CNY 52.9 million on November 15, 2019. Nanjing Chenguang will operate as a subsidiary of Aerosun post the completion of the transaction. The transaction has been approved by the Board of Aerosun Corporation in the twentieth meeting of the sixth Directorate on November 15, 2019.
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- Aerosun Corporation entered into an agreement to acquire remaining 38% interest in Nanjing Chenguang Dongluo Bellows Co., Ltd from Technoflex Corporation for CNY 52.9 million.