Jiangsu Zhongshe Purchases 51% Stake in Engineering Company for 68.9 Million Yuan

MT Newswires Live10-15

Jiangsu Zhongshe (SHE:002883) will purchase a 51% stake in engineering firm Wuxi Jiaojian New Materials Technology for 68.9 million yuan, according to a Wednesday filing with the Shenzhen bourse.

The listed engineering company will purchase a 49% stake in Wuxi Jiaojian from Wuxi Xitong Road and Bridge Engineering and the 2% stake from Wuxi Jiaojian Engineering Group

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