What are you doing? Yunnei Power acquired 100% equity of Jianghuai Chaochai!

On January 9, 2019, Kunming Yunnei Power Co., Ltd. (hereinafter referred to as “Yunai Power”) announced the acquisition of 100% equity of Hefei Jianghuai Chaochai Power Co., Ltd. (hereinafter referred to as “Jianghuai Chaochai”) through public delisting. Announcement, the transaction price does not exceed RMB 87.76 million.

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Yunnei Power said that this move is to expand the market share of the company's products in the central and eastern regions (especially in East China), further strengthen the market voice of the company's engine products in the four-cylinder machine industry, and enhance the overall profitability of the company.

It is understood that after the completion of this acquisition, Jianghuai Chaochai will become a wholly-owned subsidiary of Yunnei Power. Yunnei Power can use the advantage of Jianghuai Chaochai and Jianghuai Automobile to supply engines to the East China host factory (Jianghuai Automobile), reducing Logistics costs thus increase the profitability of the company's products.

After the completion of the acquisition, it marks that Yunnei Power has officially entered the East China market. The company can make full use of the location advantage of Jianghuai Chaochai and further leverage the brand advantage, management advantages and technological advantages of Yunnei Power in small displacement four-cylinder diesel engines. Achieve profitability and further develop the market in the central and eastern regions.

Reading volume: Source: China Securities Network Author: Cold autumn

A lifting hook is a device for grabbing and lifting loads by means of a device such as a hoist or crane. A lifting hook is usually equipped with a safety latch to prevent the disengagement of the lifting wire rope sling, chain or rope to which the load is attached.

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LITE Crane Co., LTD has focused on top quality Crane Parts for over 14 years in China. We started as a small operation, but now have become one of the leading suppliers in the crane industry in China.

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There are 1600 units of all kinds of processing equipment which can independently accomplish all the processes such as milling, digging, grinding, pulling, boring, rolling, drilling, punching, cutting, bending, welding, testing and heat treatment. 

 

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Our products are sold to more than 30 provinces, municipalities and autonomous regions in China, and also exported to Australia, Vietnam, India, Thailand and some Southeast Asian countries. The annual sales of double-girder and portal cranes is more than 3600 units, more than 23000 units single-girder cranes, about 23000 units single-girder & double-girder electric hoist and accessories. The production and sales of the single-girder cranes has lead the nation for seven consecutive years and the per capita output and economic benefits are among the best in the same industry.

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Besides our existing molded products, LITECrane Co., LTD also can produce products according to the drawings or samples from our customers. We control the product quality critically for every step during the manufacturing from custom. 



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