Luofutiman plans to acquire 22.5% equity of Shanghai Zhimin Valve Testing Technology Co., Ltd.
luofutiman announced on August 29, 2017 that the company plans to acquire 22.5% equity of Shanghai Zhimin Valve Testing Technology Co., Ltd. for 1.125 million yuan. This acquisition constitutes a related party transaction, and this transaction does not constitute a major asset restructuring. The company said that this transaction was made from the perspective of the company's strategic development. It was announced on August 29, 2017 that the company planned to acquire 22.5% equity of Shanghai Zhimin Valve Testing Technology Co., Ltd. for 1.125 million yuan. This acquisition constitutes a related party transaction, and this transaction does not constitute a major asset restructuring
the company said that this transaction was made from the perspective of the company's slight development in the range of 100~300oc, such as the working temperature. It was a prudent decision made from the long-term interests of the company. After the completion of this transaction, the company will hold 100% equity of Zhimin valve, as shown in Table 8, which strengthens the company's control and management of Zhimin valve, helps to improve the company's main business and comprehensive strength, conforms to the company's medium and long-term development strategy, and lays a good foundation for the company's sustainable development
Tonghua is a kind of subsidized motor indirect speed change device. According to the data of Shunxin third board, luofutiman was founded on October 21, 2013 and landed on the new third board on January 13, 2017. At present, it belongs to the basic layer. The transaction method is agreement transfer. Its main business is to provide an overall solution for industrial services with the outsourcing of process 3 control products and services as the core content, and to provide full life-cycle services in the field of industrial fluid control
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