China: Dandong Xintai Electric (Xintai Electric) announced on Thursday that it has signed a binding letter of intent with TMC, Italian cast resin transformer manufacturer.

Xintai Electric to acquire TMC’s fixed assets

China: Dandong Xintai Electric (Xintai Electric) announced on Thursday that it has signed a binding letter of intent with TMC, Italian cast resin transformer manufacturer.

The letter stipulates that Xintai Electric will acquire the fixed assets of TMC, and that the two parties agree to form a strategic partnership to cooperate worldwide, reports China Go Abroad.

XinTai Electric is a Chinese provider of energy efficient power equipment and service solutions used in power transmission and distribution systems.

Source: China Go Abroad
Image: TMC