Contiocean Environment Tech Group (HKG:2613) has bought the assets of Shanghai Electric Yantong (Rugao) Construction Technology through a public tender for 78.5 million yuan, according to a Tuesday Hong Kong Exchange filing.
The assets include a piece of land in Jiangsu province, a built property, and 20 overhead cranes, among other things, the company said.
Contiocean said it expects the acquisition to help ramp up the production of its maritime environmental solutions.
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