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Latest Shareate News & Updates

See the latest news and media coverage for Shareate. We track all announcements, press releases, and industry mentions in real time, all in one place.

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Shareate

Manufacturer of cemented carbide, rock drilling, and cutting tools

shareate.com
Headquarters
Suzhou, China
Founded year
2005
Company type
Public company
Number of employees
1,000–5,000
Industry
Mining Support Services & Equipment

Last updated

Latest news about Shareate

In short: Shareate obtained Shanghai Bourse approval, announced acquisitions, and showcased new tools.

Company announcements

Shareate

Shareate presents the Laser Shank

It uses laser-clad technology to fight corrosion, extends tool life up to 20%, and improves performance in wet, abrasive mines while reducing downtime and costs.

Shareate

Shareate introduces the Star Tornado water well bit

It is available from 5" to 17" and claims up to 30% total drilling cost savings.

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Media coverage

格隆汇

Xinrui Shares (688257.SH): Plans to increase capital for its wholly-owned subsidiary and use it to acquire 100% equity interest in Drillco Tools S.A.

Gelonghui, December 26 | Xinrui Shares (688257.SH) announced that the company plans to acquire 100% of the equity interest in the Chilean enterprise Drillco Tools S.A. (referred to as "Drillco" or the "Target Company") in cash through its wholly-owned subsidiary Australian Shareate Tools Pty Ltd (hereinafter referred to as "Australian Xinrui"). The transaction consideration is USD 42 million, funded by self-owned funds, and Xinrui Shares will increase capital to Australian Xinrui to implement...

36氪

Xinrui Shares: Plans to acquire 100% equity of Chilean company Drillco for USD 42 million

36Kr learned that Xinrui Shares announced that the company plans to acquire 100% equity of Chilean company Drillco Tools S.A. (referred to as "Drillco" or "the target company") in cash through its wholly-owned subsidiary Australian Shareate Tools Pty Ltd (referred to as "Australian Xinrui"), with a transaction consideration of USD 42 million, funded by its own funds, and Xinrui Shares will increase capital to Australian Xinrui to implement...

腾讯网

Xinrui Shares: Plans to Acquire 100% Equity of Chilean Company Drillco for USD 42 Million

On the evening of December 26, Xinrui Shares announced that the company plans to acquire 100% equity of the Chilean company Drillco Tools S.A. (hereinafter referred to as "Drillco" or "the target company") in cash through its wholly-owned subsidiary Australian Shareate Tools Pty Ltd (hereinafter referred to as "Australian Xinrui"), with a transaction consideration of USD 42 million, and the funds come from its own funds ...

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