Shenzhen Megmeet Electrical (002851.SZ) plans to acquire a 46.3% equity stake in its subsidiary Shenzhen Welding for 664 million yuan.
Megmeet (002851.SZ) announced that the company plans to acquire a 46.3% equity stake in its controlled subsidiary Shenzhen Megmeet Welding Technology Co., Ltd. ("Shenzhen Welding") for 664 million yuan in cash using its own funds. The transaction includes a performance commitment, with the commitment period spanning 2026-2028. During the performance commitment period, Shenzhen Welding's cumulative net profit attributable to the parent company after deducting non-recurring gains and losses shall be no less than 405 million yuan. Upon completion of the transaction, the target company will become a wholly-owned subsidiary of the company, which will help the company further strengthen control over important subsidiaries and improve operational efficiency.
Shenzhen Megmeet Electrical (002851.SZ) announced that the company plans to acquire a 46.3% equity stake in its controlled subsidiary Shenzhen Megmeet Electrical Welding Technology Co., Ltd. ("Shenzhen Welding") for 664 million yuan in cash using its own funds. The transaction includes a performance commitment, with the commitment period spanning 2026-2028. During the performance commitment period, Shenzhen Welding's cumulative net profit attributable to the parent company after deducting non-recurring gains and losses shall be no less than 405 million yuan. Upon completion of the transaction, the target company will become a wholly-owned subsidiary of the company, which will help the company further strengthen its control over important subsidiaries and improve operational efficiency.
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