Yutong Technology: Plans to acquire 51% of Huayan Technology for 449 million yuan

2026-02-20 08:40:34

Yutong Technology Announcement: The company plans to acquire 51% of Dongguan Huayan New Material Technology Co., Ltd. held by Shenzhen Guandian Investment Co., Ltd. through its own or raised funds. The total valuation of the target company’s 100% equity is 880 million RMB, and the purchase price for the 51% stake is 449 million RMB. After the transaction is completed, Huayan Technology will become a controlling subsidiary of the company and will be included in the company’s consolidated financial statements. This transaction constitutes an associated transaction, and the related directors have abstained from voting. This transaction does not constitute a major asset restructuring as defined by the Administrative Measures for Major Asset Restructuring of Listed Companies.

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