[Changling hydraulic: plans to buy 70% equity interest of Jiangyin Shangchi with 336 million yuan] May 29, Changage hydraulic disclosed the draft reorganization, and the company plans to issue shares and pay cash to Xu Jianhu and Shangtuo partnership. Jiangyin Shangchi Machinery and equipment Co., Ltd. bought a total of 70% of the equity at a transaction price of 336 million yuan. Upon completion of the transaction, Jiangyin Shangchi will become the company's holding subsidiary. At the same time, the company intends to raise matching funds of no more than 205 million yuan. After the completion of the transaction, on the basis of the original products, the company will further expand the R & D, production and sales of photovoltaic rotary reducers and construction machinery rotary reducers with the help of Jiangyin Shangchi's production capacity.