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    Jiangsu Zhongtian Technology Acquires 5% Stake in Jiangsu Communications Holding Rudong Offshore Wind Power


    August 17, 2022 - Marketline - Deals

     

      Deal In Brief

      Jiangsu Zhongtian Technology Co Ltd, a fiber optic cable manufacturing company, has acquired 5% stake in Jiangsu Communications Holding Rudong Offshore Wind Power Co., Ltd.., a China-based company engaged in offshore wind project, from Zhongtian Technology Group, for CNY107 million (USD15.8 million). All the companies are based in China.

      Deal Value (US$ Million) 15.87
      Deal Type Acquisition
      Sub-Category Minority Acquisition
      Deal Status Completed: 2022-08-12

      Deal Participants

      Target (Company) Jiangsu Communications Holding Rudong Offshore Wind Power Co., Ltd.
      Acquirer (Company) Jiangsu Zhongtian Technology Co Ltd
      Vendor (Company) Zhongtian technology group co., ltd.

      Deal Rationale

      % Acquisition 5%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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