CLEVELAND, June 27, 2013 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (Nasdaq:GTLS), a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon, industrial gases, and liquefied natural gas ("LNG"), announced today that its wholly owned subsidiary, Chart Asia Investment Co., Ltd. ("Chart Asia") has completed the purchase of an 80% equity interest in Nanjing Xinye Electric Engineering Co. Ltd ("Xinye"). The remaining 20% will be retained by original shareholder Liu Yadong. Xinye will be operated as part of Chart's Distribution & Storage ("Chart D&S") business segment. Financial terms of the all-cash transaction, which were not significant, were not disclosed.
Chart Industries Acquires Majority Stake Of Nanjing Xinye Electric Engineering Co. Ltd
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