Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) agreed to acquire additional 24.8% stake in California Manufacturing And Engineering Co., Llc for $23.1 million on May 25, 2023. Following this transaction, Zhejiang Dingli Machinery now holds 49.8% equity of California Manufacturing and Engineering Co., LLC. The transaction has been reviewed and approved by the board of directors of Zhejiang Dingli Machinery at the 14th extraordinary meeting and does not need to be submitted to the shareholders? meeting for review and approval.
Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) completed the acquisition of additional 24.8% stake in California Manufacturing And Engineering Co., Llc in October 2023.