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Sep 10, 2021 09:17 PM (GMT+8) · EqualOcean
Financial Associated Press, September 10 - wal nuclear materials announced that the company plans to transfer 49% of the equity of Huizhou Yueting Electronics Co., Ltd. ("Huizhou Yueting") at a price of RMB 41.0055 million to Shenzhen Weizhen Technology Co., Ltd. ("Weizhen technology"), and signed the equity transfer contract on the same day. After the equity transfer, the company will hold 51% equity of Huizhou Yueting, and Weizhen technology will hold 49% equity of Huizhou Yueting. The equity transfer does not involve changes in the scope of consolidated statements, and Huizhou Yueting is still the holding subsidiary of the company. Weizhen technology is an enterprise jointly invested by Zhou Heping, the largest shareholder of the company, and his spouse. Zhou Heping is the controlling shareholder of Weizhen technology.

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