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source | jinrongshe

after china energy engineering shanxi institute announced on september 10 that it had won the bid for the 3h medical thailand factory epc general contracting project, huaxiang group also expressed its intention to focus on the thai market. more and more shanxi companies are increasing their international layout.

on the evening of september 12, huaxiang co., ltd. issued an announcement stating that the company plans to acquire 100% of the equity of a thai company, taixing precision manufacturing co., ltd. (hereinafter referred to as "taixing company"), in cash.

the acquisition plan is: huaxiang shares intends to acquire 98.61% of the shares of taixing company held by shanxi linfen huaxiang industrial co., ltd. for rmb 36.191 million. at the same time, huaxiang shares' wholly-owned subsidiary huaxiang (hongdong) intelligent technology co., ltd. intends to acquire 0.69% of the shares of taixing company held by linfen huaxiang hengtai real estate co., ltd. and 0.69% of the shares of taixing company held by linfen economic development zone antai property service co., ltd. in cash, with the transaction amount of rmb 255,000 each.

after the completion of this transaction, huaxiang co., ltd. will hold 100% of the equity of taixing company, which will help huaxiang co., ltd. accelerate the layout of related industries in thailand.

01. accelerate the layout in thailand

huaxiang co., ltd. was founded in 1999 with a registered capital of rmb 463 million. it is a large-scale equipment manufacturing enterprise with more than 6,000 employees. the group is headquartered in linfen, shanxi province, and has established production and r&d bases in hubei and guangdong, forming an industrial structure covering north china, central china, and south china, and radiating to the national and overseas markets.