COFCO Technology (301058.SZ) plans to acquire 60% of Huashang Yiyuan's shares for 25.554 million yuan

According to the Zhitong Finance App, COFCO Science and Engineering (301058.SZ) announced that the company plans to use its own funds to acquire 60% of the shares of Beijing Huashang Yiyuan Refrigeration and Air Conditioning Engineering Co., Ltd. (“Huashang Yiyuan”) held by the actual controller COFCO Group Co., Ltd., through domestic trade engineering design and research Co., Ltd., with a total transaction consideration of 25.554 million yuan. After the acquisition is completed, the company will hold 60% of Huashang Yiyuan's shares, and Huashang Yiyuan will be included in the scope of the company's consolidated statements.

According to reports, Huashang Yiyuan has a number of professional qualifications, such as general contracting level 1 for mechanical and electrical engineering construction, grade 2 for construction mechanical and electrical installation engineering, grade 2 for professional contracting for steel structure engineering, grade 2 for waterproof and anticorrosive insulation engineering, grade I for pressure vessel installation, grade GC2 for pressure pipeline installation, GC2 level for pressure pipeline design, etc. The qualification system is quite complete, which can provide strong support for the company's business development. This transaction helps the company actively integrate the entire industry chain layout from consulting design, mechanical and electrical delivery to equipment manufacturing, further enhance customer service capabilities, and improve the business matrix.