Northern Long Dragon: Plans to acquire 51% of Shunyi Technology for 426 million yuan, constituting a major asset restructuring

Mars Finance News April 23 – Northern Long Dragon disclosed a draft report on major asset purchase(, the company plans to pay cash to purchase a 51% stake in Shenyang Shunyi Technology Co., Ltd. from transaction counterparts including Li Yingshun and Zhao Jianzhe. The valuation of the target assets in this transaction is 426 million yuan. Shunyi Technology’s main business involves the research, development, production, sales, and service of intelligent testing equipment, health management systems, maintenance and support equipment, and simulation systems. This acquisition will help promote the listed company’s expansion from a supplier of military non-metallic composite materials to the field of military intelligent equipment. This transaction constitutes a major asset reorganization, but does not constitute a restructuring listing, nor does it constitute an associated transaction. (Company Announcement)