Nov 26, 2021 04:19 PM (GMT+8) · EqualOcean
Cailian news agency, Nov. 26 - Yunyi electric announced that it would acquire 59.575% equity of Zhenjiang Xinyuan Chengda Sensor Technology Co., Ltd. ("target company" or "Xinyuan Chengda") in cash with its own funds, with a total purchase price of 29.7875 million yuan. Recently, the company has completed the industrial and commercial registration change procedures for relevant matters, Xinyuan Chengda has obtained the business license renewed by the administrative examination and approval Bureau of Xuzhou high tech Industrial Development Zone. Xinyuan Chengda has become a holding subsidiary of the company and is included in the scope of the company's consolidated statements.