Hanwei Announces Proposed Sale of Harvest Longwall High Pressure FRP Pipe Co., Ltd.

VANCOUVER, British Columbia, Nov. 25, 2021 (GLOBE NEWSWIRE) — Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”), announces that it has arranged, as vendor, an arm’s length purchase and sale agreement dated November 24, 2021 (the “Agreement”) with DanQing Tujiao Trading Co., Ltd., as purchaser (the “Purchaser”) for the proposed sale and disposition of Harvest Longwall High Pressure FRP Pipe Co., Ltd. (“Harvest”) to the Purchaser for CND$1,050,000 and the Purchaser’s assumption of all liabilities and obligations of Harvest (the “Proposed Sale Transaction”). Read More