Pingda New Material Co., Ltd. signed share transfer agreement to acquire 18.64% stake in Zhejiang Renzhi Co., Ltd. from Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership).
March 28, 2024
Share
Pingda New Material Co., Ltd. signed share transfer agreement to acquire 18.64% stake in Zhejiang Renzhi Co., Ltd. (SZSE:002629) from Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership) on March 25, 2024.
Zhejiang Renzhi Co., Ltd., formerly Sichuan Renzhi Oilfield Technology Services Co., Ltd., is a China-based company principally engaged in the provision of oilfield technical services. The Company mainly provides drilling fluid technical services, including drilling fluid deployment, circulation operation and recycling services; oil and gas field environmental protection technical services, including oil and gas field wastewater treatment, waste mud treatment and drilling sewage treatment technology services; underground operation technical services, including underground technical services, production increasing technical services, downhole tools and well completion technical services. The Company is also engaged in the development, production and sales of oilfield chemicals and functional new materials. The Company mainly operates its businesses in the Mainland of China.
Pingda New Material Co., Ltd. signed share transfer agreement to acquire 18.64% stake in Zhejiang Renzhi Co., Ltd. from Tibet Hanli Electronic Technology Partnership Enterprise (Limited Partnership).
ZHEJIANG RENZHI CO., LTD. 
