<div id="readability-page-1"><div><p>(MT Newswires) -- Tianrun Industry Technology (SHE:002283) completed the first phase of its acquisition of Shandong Altai Auto Parts.</p><p> Shares of Tianrun Industry Technology rose 5% in recent trade.</p><p> The crankshaft manufacturing company paid 135 million yuan to acquire Shandong Altai Auto Parts, with the initial transfer giving Tianrun Industry Technology a 95% stake, according to a filing with the Shanghai bourse.</p><p> The remaining 5% stake held by Jiangsu Dongxi Engine Parts has been pledged to Tianrun Industry Technology.</p><p>Shandong Altai Auto Parts has completed registration changes and obtained a new business license.</p></div></div>

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<p>Tianrun Industry Technology has completed the first phase of its acquisition of Shandong Altai Auto Parts, acquiring a 95% stake for 135 million yuan. Following this announcement, shares of Tianrun rose by 5%. The acquisition has been finalized with registration changes and a new business license obtained for Shandong Altai Auto Parts.</p>

Tianrun Industry Technology Completes First Phase of Altai Auto Parts Acquisition; Shares Up 5%