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

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%

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