Xintian Technology acquires water meter manufacturer to spend 8 million
[China Instrument Network Instrument Company] On February 28, Xintian Technology released a nightly announcement that the company plans to acquire the shares of water meter manufacturing company Jiangsu Yuanchuan Intelligent Technology Co., Ltd., which will form a complete solution for smart water and smart meter business in the future.
The company signed an equity transfer agreement with Jiangsu Yuanchuan Intelligent Technology Co., Ltd. (abbreviated as "Jiangsu Yuanchuan") and its shareholders Changzhou Yuanchuan Intelligent Technology Research Institute (abbreviated as "Yanyuan Research Institute") and Tan Xiaobin. The company acquired a 55% stake in Jiangsu Farcomm with a price of no more than 8 million yuan, and completed a change in industry and commerce in recent days. Jiangsu Fares has become a holding subsidiary of the company.
Yuanchuan Research Institute transferred 22.17% equity of Jiangsu Yuanchuan, Xintian Technology subscribed with no more than RMB 3.2248 million; Tan Xiaobin transferred all its 32.83% equity, and Xintian Technology subscribed with no more than RMB 4,775,200.
Yuan Chuan Institute and Tan Xiaobin promised that Jiangsu Yuanchuan achieved sales of not less than RMB 20 million in 2016, net profit after deducting non-recurring gains and losses not less than RMB 2.6 million, and net cash flow from operating activities of not less than 260 Ten thousand yuan.
Jiangsu Yuanchuan is a high-tech enterprise specializing in R&D, production, sales, and service of rotary-wing liquid-enclosed remote water meters, rotary-wing wet-water meters, photoelectric direct-reading remote water meters, photoelectric direct-reading electronic modules, and the like. One of the earliest manufacturers who researched and produced photoelectric direct-reading remote water meters, has the core technology and independent intellectual property rights of the photoelectric direct-reading remote water meters, and is in the leading position in photoelectric direct reading and cable remote transmission technologies, especially in liquid-sealed photoelectric direct Reading the remote water meter has a unique, stable and reliable core process technology.
Xintian Technology stated that the company’s acquisition of equity in Jiangsu Yuanchuan will further improve the company’s product chain and enrich the company’s product range, which will help the company form a complete technical solution in the field of smart water and smart watches.
The company signed an equity transfer agreement with Jiangsu Yuanchuan Intelligent Technology Co., Ltd. (abbreviated as "Jiangsu Yuanchuan") and its shareholders Changzhou Yuanchuan Intelligent Technology Research Institute (abbreviated as "Yanyuan Research Institute") and Tan Xiaobin. The company acquired a 55% stake in Jiangsu Farcomm with a price of no more than 8 million yuan, and completed a change in industry and commerce in recent days. Jiangsu Fares has become a holding subsidiary of the company.
Yuanchuan Research Institute transferred 22.17% equity of Jiangsu Yuanchuan, Xintian Technology subscribed with no more than RMB 3.2248 million; Tan Xiaobin transferred all its 32.83% equity, and Xintian Technology subscribed with no more than RMB 4,775,200.
Yuan Chuan Institute and Tan Xiaobin promised that Jiangsu Yuanchuan achieved sales of not less than RMB 20 million in 2016, net profit after deducting non-recurring gains and losses not less than RMB 2.6 million, and net cash flow from operating activities of not less than 260 Ten thousand yuan.
Jiangsu Yuanchuan is a high-tech enterprise specializing in R&D, production, sales, and service of rotary-wing liquid-enclosed remote water meters, rotary-wing wet-water meters, photoelectric direct-reading remote water meters, photoelectric direct-reading electronic modules, and the like. One of the earliest manufacturers who researched and produced photoelectric direct-reading remote water meters, has the core technology and independent intellectual property rights of the photoelectric direct-reading remote water meters, and is in the leading position in photoelectric direct reading and cable remote transmission technologies, especially in liquid-sealed photoelectric direct Reading the remote water meter has a unique, stable and reliable core process technology.
Xintian Technology stated that the company’s acquisition of equity in Jiangsu Yuanchuan will further improve the company’s product chain and enrich the company’s product range, which will help the company form a complete technical solution in the field of smart water and smart watches.
An extruder machine is a device that is used to create a continuous flow of a particular material, such as plastic or metal, by forcing it through a die of a specific shape. The machine operates by using a motor to turn a screw inside a heated barrel, which melts and mixes the material. The molten material is then forced through the die, which shapes it into a specific form. Extruder machines are commonly used in the manufacturing of products such as pipes, tubes, and plastic films.
Extrude Machine,Rubber Extruder,Extruder Screw,Extrusion Machinery
Shanghai Jiahao Machinery Manufacturing Co., Ltd. , https://www.jiahaoextruder.com