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Lanshi Heavy Industry Aims to Bolster Nuclear Equipment Manufacturing by Acquiring 100% Stake in Qingdao Equipment
2 day ago /
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Author：小编
Lanshi Heavy Industry's wholly-owned subsidiary, Qingdao Lanshi Heavy Machinery Equipment Co., Ltd., has announced plans to acquire a 100% stake in Qingdao Lanshi Petroleum Equipment Engineering Co., Ltd. for the sum of 99.9821 million yuan. This strategic move is intended to significantly enhance Lanshi Heavy Industry's nuclear equipment delivery and order execution capabilities. Upon the successful completion of the transaction, Qingdao Equipment will become a third-tier subsidiary of Lanshi Heavy Industry, fully integrated into its consolidated financial statements. Moreover, Qingdao Equipment's land and building assets will be leveraged to further strengthen Qingdao Heavy Machinery's nuclear equipment manufacturing prowess.
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