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Chart Industries Inc Acquires Majority Stake Of Nanjing Xinye Electric Engineering Co. Ltd
Chart Industries Inc announced that its wholly owned subsidiary, Chart Asia Investment Co., Ltd has completed the purchase of an 80% equity interest in Nanjing Xinye Electric Engineering Co. Ltd. The remaining 20% will be retained by original shareholder Liu Yadong. Xinye will be operated as part of Chart's Distribution & Storage business segment. Financial terms of the all-cash transaction, were not disclosed.
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