Tianjin Jieqiang Power Equipment Co.,Ltd. entered into an agreement to acquire 63% stake in Shanghai Ergonomics Detecting Instrument Co., Ltd. from Anji Yige Enterprise Management Partnership Enterprise (Limited Partnership) for approximately CNY 170 million.
August 29, 2021
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Tianjin Jieqiang Power Equipment Co.,Ltd. (SZSE:300875) entered into an agreement to acquire 63% stake in Shanghai Ergonomics Detecting Instrument Co., Ltd. from Anji Yige Enterprise Management Partnership Enterprise (Limited Partnership) for approximately CNY 170 million on August 28, 2021. As of June 30, 2021, Shanghai Ergonomics Detecting Instrument reported total assets of CNY 69.71 million, total liabilities of CNY 27.51 and net assets of CNY 42.2 million. The board of directors of Tianjin Jieqiang Power Equipment approved the transaction on August 28, 2021.
Tianjin Jieqiang Equipments Co Ltd, formerly Tianjin Jieqiang Power Equipment Co Ltd, is a China-based company mainly engaged in research, development, production and sales of nuclear, chemical and biological defense equipment core components. The Company provides nuclear, chemical and biological defense equipment core system products such as hydraulic power system and related professional technical services for military and military nuclear, chemical and biological defense assembly enterprises. The Company's main products include hydraulic power systems and the charger and battery pack of a certain type of mask blower in the protective equipment for nuclear, chemical and biological defense.
Tianjin Jieqiang Power Equipment Co.,Ltd. entered into an agreement to acquire 63% stake in Shanghai Ergonomics Detecting Instrument Co., Ltd. from Anji Yige Enterprise Management Partnership Enterprise (Limited Partnership) for approximately CNY 170 million.
TIANJIN JIEQIANG POWER EQUIPMENT CO.,LTD. 
