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LaiKe Electric transfers 90% ownership of its wholly owned subsidiary, receiving 169.2 million yuan in transfer payments
**Viewpoint News: ** On April 6, Leike Electrical Appliances Co., Ltd. disclosed a progress announcement regarding the transfer of 90% of the equity interest in its wholly owned subsidiary.
The company held the 23rd meeting of the sixth session of its board of directors on March 31, 2026, at which it approved the transfer of 90% of the equity interest in Suzhou Jinleike Precision Machinery Co., Ltd. to Suzhou Chuangyuan Resource Recycling Co., Ltd., based on a valuation of 235 million yuan for 100% of the target company’s equity. The total consideration for this transfer is 211.5 million yuan.
Recently, the company has received two equity transfer payments from Chuangyuan Resource, amounting to 63.45 million yuan and 105.75 million yuan, respectively, for a total of 169.2 million yuan. Leike Electrical Appliances stated that it will continue to monitor subsequent developments of the transaction and promptly fulfill its information disclosure obligations.
Disclaimer: The content and data in this article have been compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.