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Wuyang Automation: Plans to acquire 51% equity of Kesu Yu for 681 million yuan

MarsBitNews
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Mars Finance News, June 4 – Wuyang Zikong announced that the company and shareholders Shi Peipei, Wang Wei, and Liu Song of Dongguan Kesu Liquid Cooling Technology Co., Ltd. have signed an equity acquisition agreement, intending to acquire 51% of Kesu's equity for cash, with a total transaction price of 681 million yuan. This transaction does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," nor does it constitute a restructuring listing. The transaction has been approved by the company's board of directors. The performance commitment party promises that the target company will achieve a net profit of no less than 90 million yuan in 2026, and the combined net profit for 2027 and 2028 will be no less than 270 million yuan. (Company announcement)
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