THT Heat Transfer Technology Completes Acquisition of Remaining Stake in
SIPING, China, July 3, 2013
SIPING, China, July 3, 2013 /PRNewswire/ -- THT Heat Transfer Technology, Inc.
(Nasdaq: THTI) ("THT" or the "Company"), a leading provider of heat exchangers
and heat exchange solutions in China's clean technology industry, today
announced that its operating subsidiary Siping Juyuan Hanyang Plate Heat
Exchanger Co., Ltd. ("Siping Juyuan") has completed the acquisition of the
remaining 25% ownership stake in Beijing Juyuan Hanyang Heat Exchange
Equipment Co., Ltd. ("Beijing Juyuan") from Hanyang International GmbH, for a
total consideration of RMB2.5 million (approximately US$0.4 million). Upon the
completion of the acquisition, THT owns 100% of Beijing Juyuan.
Chairman and Chief Executive Officer Guohong Zhao commented, "We are pleased
to announce the completion of our acquisition of the remaining 25% of Beijing
Juyuan, providing us with full ownership of our product sales operating
subsidiary.Despite the challenges we face in light of current market
conditions, we remain committed to strengthening our sales activities to
further diversify our revenue base and gain additional share in the domestic
heat exchanger market."
About THT Heat Transfer Technology, Inc.
Through its Chinese operating subsidiaries, THT Heat Transfer Technology, Inc.
designs, manufactures and sells plate heat exchangers, shell-and-tube heat
exchangers, heat exchanger units and other heat exchanger products with total
heat exchange solutions. Heat exchangersplayan integral part in
helpingcustomers improve energy efficiency.Used in a number of industries,
THT's products focus on energy conservation, emission reduction and other
environmentally friendly applications.Its six major product categories are
plate heat exchangers, shell-and-tube heat exchangers, air-cooled heat
exchangers, weld plate heat exchangers, heat exchanger units and
plate-and-shell heat exchangers. The Company also offers comprehensive heat
THT's in-house R&D capabilities enable it to deliver tailored products that
better meet the changing demands of its customers. The Company has a strong
record of delivering high-quality products and services to leading domestic
and international customers. THT has completed over 3,000 projects and has
provided heat exchange solutions to several Fortune 500 companies. The Company
is headquartered in Siping City, Jilin Province, China. For more information,
please visit the Company's website at www.tht.cn.
Mr. Jack Xiao
Investor Relations Manager
THT Heat Transfer Technology, Inc.
Tel:+86 (434) 326 6779
Investor Relations (Beijing):
Tel: +852 3196 3712
Investor Relations (US):
Tel: +1 (212) 889 4350
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