Jessie Yu, a spokesperson of Unistone, comments that "we are extremely pleased with the transaction, which creates tremendous synergy for our portfolio by extending our product lines from low voltage electric products to high voltage electric apparatus and services."

About Unistone Management Company

Unistone is a leading global alternative investment company which creates value by identifying high growth businesses and unlocking their hidden potentials. After its investments, Unistone builds long term businesses together with the management.

About Redwave Electric

Founded in 1963, Shandong based Redwave Electric specializes in electric motor and electric apparatus manufacturing with products ranging from 0.5KW up to 415KW, serving industrial customers in China and all over the world. The company is known for its proprietary technology in energy conservation and high efficiency.

About E. J. McKay

E. J. McKay is a Shanghai based investment banking group specialized in structuring complex cross-border mergers & acquisitions and merchant banking transactions. Through its offices and strategic partnerships, the firm is present in 22 major financial centers around the world. E. J. McKay has a dedicated focus on China, and advises transactions both inbound and outbound, representing clients both local and multinational.

For further information