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Heavy Electrical Equipment

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UQM Technologies signs stock purchase agreement with CNHTC

Monday, 28 Aug 2017 07:30am EDT

Aug 28 (Reuters) - UQM Technologies Inc :UQM Technologies announces the signing of a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., Ltd. (“CNHTC”), parent company of Sinotruk, a leading chinese commercial vehicle manufacturer.UQM Technologies Inc - ‍upon closing of second stage, CNHTC will have right to nominate up to three of eight total directors to UQM's board of directors​.UQM Technologies Inc - ‍purchase price is $0.95 per share​.UQM Technologies Inc - ‍total transaction will bring approximately $28.3 million in cash to UQM​.UQM Technologies Inc - ‍terms of agreement were unanimously approved by boards of directors of both companies​.UQM Technologies Inc - ‍UQM shareholders will continue to hold their shares in UQM, and UQM stock will continue to be traded on NYSE market​.UQM Technologies Inc - ‍UQM and CNHTC intend to form a joint venture for manufacture and sales of electric propulsion systems in china​.

Anhui Shengyun Environment-Protection to acquire environmental firm for 638 mln yuan

Thursday, 24 Aug 2017 04:35am EDT

Aug 24 (Reuters) - Anhui Shengyun Environment-Protection Group Co Ltd <300090.SZ>:Says it plans to acquire environmental firm in Anhui for 638 million yuan ($95.78 million).

Power Grid Corp of India enters agreement with Asian Development Bank for $500 mln

Friday, 18 Aug 2017 04:00am EDT

Aug 18 (Reuters) - Power Grid Corporation of India Ltd :Power Grid Corporation of India - enters agreement with Asian Development Bank for $500 million.Power Grid Corporation of India - proceeds to be utilized for funding of green energy corridor among other things.

Beijing Hezong Science&Technology acquires two firms

Sunday, 13 Aug 2017 10:52pm EDT

Aug 14(Reuters) - Beijing Hezong Science&Technology Co Ltd <300477.SZ>:Says it fully acquires a Hunan-based new material firm and a Jiangsu-based electronic power design firm.Previous news was disclosed on June 4.

Saimo Electric acquires Xiamen-based tech co via cash and share issue

Monday, 7 Aug 2017 11:07pm EDT

Aug 8 (Reuters) - Saimo Electric Co Ltd <300466.SZ>:* Says it acquired Xiamen-based tech co via cash and share issue, and the previous plan was disclosed on May 17 .

Shandong Luyitong Intelligent Electric's shares to resume trade on July 31

Friday, 28 Jul 2017 05:32am EDT

July 28 (Reuters) - Shandong Luyitong Intelligent Electric Plc <300423.SZ>:Says its shares to resume trade on july 31 after replying to exchange queries on assets acquisition plan.

Jilin Jinguan Electric's shares to resume trade on July 11

Monday, 10 Jul 2017 05:34am EDT

July 10 (Reuters) - Jilin Jinguan Electric Co Ltd <300510.SZ>:Says its shares to resume trade on July 11 after responding to exchange's queries on acquisition plan.

Hyundai Elevator to buy properties for 250 bln won

Monday, 10 Jul 2017 04:27am EDT

July 10 (Reuters) - Hyundai Elevator Co Ltd <017800.KS> ::* Says it plans to buy Hyundai Group office building for 250 billion won from NongHyup Bank.


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