Xinrui Shares: Plans to acquire 80% equity of Huilian Electronics for 800 million yuan

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Mars Finance News, July 9 – Xinrui Shares (688257.SH) announced that the company plans to acquire 80% equity of Xinxiang Huilian Electronic Technology Co., Ltd. for a transaction price of 800 million yuan, funded by its own capital and M&A loans. Meanwhile, to resolve horizontal competition and expand overseas markets, it plans to acquire 70% equity of WINWIN HITECH (THAILAND) CO., LTD. for no more than 28 million yuan. This transaction does not constitute a related party transaction or a major asset restructuring, and still needs to be submitted to the shareholders' meeting for review. After the transaction is completed, goodwill of about 400 million yuan is expected to be formed, and the company's asset-liability ratio is expected to increase to about 55%.
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