IMM(1683) announced that the Acquisition was completed on 27 August 2010 with the Company acquiring an aggregate of 100% equity interest in Qingdao Tianxun. Following the Completion, Qingdao Tianxun has become a direct wholly-owned subsidiary of the Company.
Qingdao Tianxun's principal business is the manufacturing of electrical control systems and related components for coal mining machinery such as shearers, roadheaders, shuttle cars, armoured-face conveyors and hydraulic roof supports.
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