CHENGDU YONGYI PUMPS CO., LTD
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West Pump Shares: Signed the Framework Agreement on Equity Investment
2017-05-11
On May 11, 2017, it was announced that the company and Wuhan Polytechnic Power Energy Co., Ltd.
[Brief Announcement]]
On May 11, 2017, it was announced that the company and Wuhan Polytechnic Power Energy Co., Ltd. (hereinafter referred to as "Polytechnic Power") jointly signed the "Framework Agreement" for equity investment. The Company intends to hold a controlling interest in Polytechnic Strong in the form of capital injection, after the capital injection, the Company will hold 52% of the equity interest in Polytechnic Strong, the amount of capital contribution to be confirmed by both parties after due diligence of the Company. [Related announcement]]
[Announcement Comments]]
The "Framework Agreement" for equity investment signed this time is only an intentional agreement. The specific equity investment matters still need to be determined by the company after due diligence, and the two parties will jointly negotiate and determine according to the actual situation. At present, the equity investment agreement has not been formally signed and will not affect the company's operating results.
Institutional rating in recent two months]
Increase in holdings (Guosen Securities, Guohai Securities, Bohai Securities, Ping An Securities)
Buy (Southwest Securities)
technical finishing touch]
The stock's recent shock correction, MACD indicators continue to decline, indicating that the market short will is strong, cautious attention is appropriate.
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