Event
Zhen'an Technology plans cash acquisition of no less than 51% equity in Shenzhen Sanwei
1 reports · 1 sources
Zhen'an Technology announced that it plans to acquire, by means of cash payment, no less than 51% equity of Shenzhen Sanwei Electromechanical Equipment Co., Ltd. held collectively by Tang Haoran and Yi Bo. After the transaction is completed, the target company will become its controlled subsidiary. The company has signed an Acquisition Letter of Intent with the counterparties. This transaction is expected to constitute a major asset restructuring, does not involve the issuance of shares, does not constitute a related-party transaction, and will not result in a change of control of the company. Shenzhen Sanwei mainly engages in the R&D, production and sales of heat dissipation products, tooling fixtures, and precision parts, with products applied in fields such as communications, new energy, and data centers. The transaction is currently still in the planning stage and is subject to uncertainty.
Report timeline
- 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.
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