An unknown buyer acquired 16.06% stake in Weihai Huadong Automation Co., Ltd from Dalian-based tech development shareholder.
December 26, 2017
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An unknown buyer acquired 16.06% stake in Weihai Huadong Automation Co., Ltd (SZSE:002248) from Dalian-based tech development shareholder on December 27, 2017. The shareholder sold 49.4 million shares of Weihai Huadong Automation Co., Ltd. After the transaction, the shareholder will reduce the shareholding in Weihai Huadong Automation Co., Ltd. from 16.26% stake to 0.2% stake.
An unknown buyer completed the acquisition of 16.06% stake in Weihai Huadong Automation Co., Ltd (SZSE:002248) from Dalian-based tech development shareholder on December 27, 2017.
Weihai Huadong Automation Co., Ltd is a China-based company principally engaged in the research, development, manufacture and operation of numerical controlled machine tools, ordinary machine tools and related key functional components. The Companyâs main products include control gantry machine tools, floor type borer, milling machines, grinder series, turning lathe series, functional components, ordinary machine tools, castings and others. The Company also provides photovoltaic inverters. The Company distributes its products within domestic and to overseas markets.
WEIHAI HUADONG AUTOMATION CO., LTD 
