Dalian Huarui Heavy Industry Group Co., LTD. completed the acquisition of Huarui Wind Power Technology Co., Ltd. from Sinovel Wind Group Co., Ltd..
Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) agreed to acquire Huarui Wind Power Technology (Dalian) Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) for CNY 24.2 million on December 28, 2018. On January 25, 2019, the transaction has been approved by Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) Board and shareholders of Sinovel Wind Group Co., Ltd. (SHSE:601558). Sinovel Wind used the equity assets to settle the total debt of CNY 72.2 million to Dalian Huarui Heavy Industry Group.
Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) completed the acquisition of Huarui Wind Power Technology (Dalian) Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) on April 23, 2019.