BDA Partners is pleased to announce that its client, Singapore Technologies Kinetics Ltd (\u201cSTK\u201d), has signed a definitive agreement to sell its 60% stake in Guizhou Jonyang Kinetics Co Ltd (\u201cGJK\u201d) to Guiyang Industrial & Commercial Assets Management Co Ltd (\u201cGICAM\u201d).<\/p>\n
Established in 2005 and based in Guiyang, Guizhou Province, China, GJK is a joint venture between STK and GICAM. It designs, manufactures and sells excavators, and other construction equipment and special vehicles, for use in oilfields, urban construction, port construction, road building, airports, agriculture, water conservation, and specialty construction fields.<\/p>\n
BDA acted as the exclusive financial advisor to STK on the transaction.<\/p>\n
Jeffrey Wang, Head of BDA\u2019s Shanghai office, said, \u201cWe\u2019re proud to have worked successfully for Singapore Technologies. We\u2019re delighted to have secured for GJK a strong owner in GICAM, who will be well-placed to continue to develop the company. This transaction demonstrates BDA\u2019s expertise in executing mid-market M&A transactions in China for multinational companies.\u201d<\/p>\n
BDA has a long record of advising blue-chip global clients on divestitures across Asia.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-667","transaction","type-transaction","status-publish","hentry"],"acf":[],"yoast_head":"\n