Xinzhong Technology Plan Join in Solar Field
Sep 22, 2022
On September 19, the Xinzhong science and technology (835342) announced that for the sake of their own development in the company for value-added, and the industry layout based on company needs, the company plans to actual controllers, shareholders in cash to buy company held by the novelist of jinzhou fu xing solar power co., LTD. 100% stake, the price is not more than RMB 35 million yuan, The final transaction price shall be determined on the basis of the relevant asset appraisal report.
Jinzhou Fuxing Solar Power Co., Ltd. has a registered capital of RMB 100 million. Its main business includes solar power generation, photovoltaic power station development, operation and management. Sheep, cattle, chicken breeding and marketing; Oil, edible fungi, vegetables, fruits, Chinese medicinal materials, alfalfa grass planting and marketing.
Xinzhong Technology said that this overseas investment is the need of the company's strategic development, and it is expected to have a positive impact on the company's future financial condition and operating results.
According to the public information, Xinzhong Technology is mainly engaged in the research and development, design, production and sales of hard rock boring machine, pressure vessel and wind power equipment for engineering vehicles, and the main products are hard rock boring machine, wind power tower cylinder, heat exchange equipment, etc.
