Shanghai Prime Machinery Company Limited announced on 16 September 2011 that it successfully bid for the 100% equity interest in the Bolt Factory and the Research Centre sold by Shanghai Electric Group(SEG) from the Equity Exchange. The successful bid price for the Bolt Factory and the Research Centre was RMB 30.8 million and RMB 58.6 million, respectively. As a result, the total consideration for the Proposed Acquisition is RMB 89.4 million.[…]
via Shanghai Prime Successfully bid for the Bolt Factory and the Research Centre.