X
Jan 21, 2022 05:30 PM (GMT+8) · EqualOcean
Wanshili announced that in order to integrate resources, enhance the company's competitiveness and promote the company's technical advantages in digital printing, the company plans to acquire 31% equity of Hangzhou Boyang New Material Technology Co., Ltd. ("Hangzhou Boyang") held by Shanghai Boyang Textile Technology Co., Ltd. ("Shanghai Boyang") for 16.5 million yuan. Before this acquisition, the company already held 20% equity of Hangzhou Boyang. After the completion of the acquisition, the acquisition will eventually hold a total of 51% equity of Hangzhou Boyang, which will be included in the scope of the company's consolidated financial statements.