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Zhen'an Technology plans to acquire at least 51% stake in Shenzhen Sanwei, expected to constitute major asset restructuring

Zhen'an Technology announced plans to acquire at least 51% of Shenzhen Sanwei Electromechanical Equipment Co., Ltd. in cash, after which the target company will become its controlling subsidiary. The target company develops, produces, and sells heat dissipation products, tooling fixtures, and precision components for communications, new energy, data centers, and other fields. The transaction is expected to constitute a major asset restructuring, does not involve issuing shares, is still in the planning stage, and carries uncertainty.

Part of the event: Zhen'an Technology plans cash acquisition of no less than 51% equity in Shenzhen Sanwei

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