The Economic Information Daily reported on the 12th that on the 11th, the Shanghai Stock Exchange issued a regulatory letter regarding asset acquisition matters to Dongbai Group (SSE: 600693), involving the listed company, directors, senior management, controlling shareholders, and actual controllers.
On the same day, Dongbai Group announced that its wholly-owned subsidiary, Fujian Dongbai Chuangzhi Investment Co., Ltd., intends to acquire 52.6667% equity held by relevant shareholders of Hangzhou Kuailing Optoelectronic Technology Co., Ltd., with a tentative equity transfer consideration of 316 million yuan.
Dongbai Group rose by limit-up this morning, closing at 11.18 yuan.
After the transaction is completed, Kuailing Optoelectronics and its wholly-owned subsidiary Zhejiang Guangte Technology Co., Ltd. will be included in the company's consolidated financial statements. Kuailing Optoelectronics engages in the research, development, production, and sales of optical detection chips.
Dongbai Group stated that the company currently does not engage in related businesses nor has reserves of relevant R&D personnel. This transaction involves cross-industry operation and integration management risks. If integration does not meet expectations, it will adversely affect the profitability of both the target company and the listed company. (jq)
On the same day, Dongbai Group announced that its wholly-owned subsidiary, Fujian Dongbai Chuangzhi Investment Co., Ltd., intends to acquire 52.6667% equity held by relevant shareholders of Hangzhou Kuailing Optoelectronic Technology Co., Ltd., with a tentative equity transfer consideration of 316 million yuan.
Dongbai Group rose by limit-up this morning, closing at 11.18 yuan.
After the transaction is completed, Kuailing Optoelectronics and its wholly-owned subsidiary Zhejiang Guangte Technology Co., Ltd. will be included in the company's consolidated financial statements. Kuailing Optoelectronics engages in the research, development, production, and sales of optical detection chips.
Dongbai Group stated that the company currently does not engage in related businesses nor has reserves of relevant R&D personnel. This transaction involves cross-industry operation and integration management risks. If integration does not meet expectations, it will adversely affect the profitability of both the target company and the listed company. (jq)
