Strong combination! Weihua Group and Changyi Investment Group carry out equity cooperation

06/28/2018

On June 23rd, Weihua Group and Changyi County Investment Group Co., Ltd. (Changyi Investment Group) held an equity cooperation signing ceremony. Han Hongan, Chairman of the Group, and Xia Pengyuan, Chairman of Changyi Investment Group, signed a cooperation agreement on behalf of the two parties respectively.

According to the contents of the agreement, Changyi Investment Group will acquire 45% equity of Weihua Construction Engineering Group of the Group by way of equity acquisition. At the signing ceremony, the two sides conducted extensive exchanges in the aspects of corporate development strategy, capital operation, mixed ownership reform, EPC general contracting, prefabricated construction, and service longevity social economic development, and reached many consensuses.

In the future, Weihua will adhere to the development of heavy equipment and EPC project general contracting as the two major strategic directions, with intelligent, green, and international three key tasks to achieve sustained and healthy development. Weihua, as a private enterprise, cooperated with the Changyi Investment Group and was a concrete measure for both parties to respond to the call of General Secretary Xi Jinping and actively promote mixed ownership reforms. It is beneficial to the two parties to realize resource integration and complementary advantages. The two parties will work together to build Weihua. For the cooperation platform to make greater contributions to the development of Changchun.

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