Estun spends about 211 million yuan to win 19.4574% stake in Estun Jiangsu Intelligent

Estun won a 19.4574% stake in its controlling subsidiary Estun Jiangsu Intelligent through a public listing transfer, at a transfer price of about 211 million yuan, raising its shareholding to 69.608%. Under the plan, it will subsequently also acquire a 3.7834% stake from the state-owned enterprise mixed-ownership reform fund and a 21.6193% stake from the General Technology High-End Equipment Fund, bringing its shareholding to 95.0107% once all is completed. This is Estun's second subsidiary equity consolidation this year; in August, its subsidiary had just acquired collaborative robot maker Estun Cobot's 100% stake in an all-cash deal for 487 million yuan.