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TGD Holding Plans to Acquire 67% Equity of STC to Promote the Layout of Materials and Equipment

TGD Holding Plans to Acquire 67% Equity of STC to Promote the Layout of Materials and Equipment

Source:
2017/12/01
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    Recently, TGD Holding Co,.Ltd. announced that in order to promote the strategic development layout of "material + special equipment", the company's wholly-owned subsidiary TDG-MT plans to acquire 67% equity of STC, with a total equity of 3.35 million yuan. The transaction price was negotiated and determined by all parties. The 100% equity of STC was priced at 196 million yuan, that is, the transaction price was 133.2 billion yuan.

    After the completion of this acquisition, TGD-MT will hold a 67% stake in STC and become a holding subsidiary of TGD.