Peikko to become majority shareholder of Chinese structural design company Shucko
Peikko Group Corporation has signed an agreement with Chinese structural design company Shanghai Shucko Construction Technology Co., Ltd. to become a majority stakeholder of the company with 51% ownership. The transaction consisted of a share purchase from a single shareholder, and additional share capital issued to Peikko. The two remaining shareholders, Mr. Huang Hua and Mr. Wang Chen, will continue to run the business as before. The company Shucko has offices in the cities of Shanghai and Hefei and focuses on providing structural engineering and detailing services of