E. J. McKay Acts as Financial Advisor in Konecranes' Definitive Agreement to Acquire...

E. J. McKay Acts as Financial Advisor in Konecranes' Definitive Agreement to
Acquire Majority Stake in Chinese Hoist and Crane Manufacturer Sanma

HELSINKI, May 11 /PRNewswire-Asia/ -- Konecranes Plc announced the signing
of a definitive agreement to acquire the majority equity of Jiangsu Three
Horses Crane Manufacture Co. Ltd. (Sanma), a leading Chinese hoist and crane
manufacturer. On November 24th, 2008, the parties signed a letter of intent to
enter into a definitive agreement, which was successfully accomplished. The
final agreement is subject to the approval by Chinese authorities.
The transaction, one of the largest by a Finnish company in China, is
representative of the kind of work E. J. McKay is engaged in, that of
"advising a highly selective group of key clients in their significant
cross-border transactions that create measurable synergy and transform the
economics of the impacted industry," commented James Z. Li, Chairman of the E.
J. McKay group.
About Konecranes Plc
Konecranes is a world-leading group of Lifting Businesses, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. With a revenue of over 2 billion Euros, the Group has 9,900 employees
in more than 485 locations in 43 countries. Konecranes is listed on the NASDAQ
OMX Helsinki.
About Jiangsu Three Horses Crane Manufacture Co., Ltd. (Sanma)
Jiangsu based Sanma is a leading Chinese hoist and crane manufacturing
company. The company is known for quality and long-term customer relationships
and has a wide distribution network in China. Sanma produces thousands of
hoists and hundreds of cranes per year, with customers across the multiple
geographies in the country.
About E. J. McKay
E. J. McKay is a Shanghai based investment banking group specialized in
structuring complex cross-border mergers & acquisitions and merchant banking
transactions. Through its offices and strategic partnerships, the firm is
present in 23 major financial centers around the world. E. J. McKay has a
dedicated focus on China, and advises transactions both inbound and outbound,
representing clients both local and multinational.
For further information

Please visit: http://www.ejmckay.com , or contact:

Natalie Hsiao
E. J. McKay & Co., Inc.
15/F Shui On Plaza
333 Huaihai Road Central
Shanghai, China 200021
Email: natalie.hsiao@ejmckay.com
Tel: +86-21-5109-6266

SOURCE E. J. McKay

Natalie Hsiao, E. J. McKay & Co., Inc. at natalie.hsiao@ejmckay.com or
+86-21-5109-6266