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Article Excerpt
China Valves Technology, Inc. (BULLETIN BOARD: CVVZ) ("China Valves" or the "Company"), a leading metal valve manufacturer with operations in the People's Republic of China (the "PRC"), announced that its has acquired 100% equity ownership of Yangzhou Rock Valve Lock Technology Co., Ltd. ("Yangzhou Rock") for $7.3 million in cash (see also China Valves Technology, Inc.).
Formed in July 2006 and located in Yangzhou, Jiangsu Province, the PRC, Yangzhou Rock designs, manufactures and distributes interlock valves, valve lock devices, magnetic lock valves, and mechanical interlock machines that are widely used by manufacturing companies...
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