Tianmai Technology: Plans to acquire 96.45% equity of industrial automation company Shanghai Fenneng, stock resumes trading

Mars Finance News, May 6 — Tianmai Technology announced that the company plans to acquire 96.45% of the equity of Shanghai Fenneng Automation Technology Co., Ltd. through issuing shares and paying cash, and to raise supporting funds. The target company to be injected this time is a high-tech enterprise engaged in the research and development, design, production, and sales of intelligent manufacturing equipment, providing complete customized intelligent manufacturing solutions for downstream clients in the automotive electronics, consumer electronics, and new energy industries, belonging to the high-end manufacturing sector. The company’s stock will resume trading on May 7, 2026. (Company Announcement)

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