Event

Yuehongyuan A plans to acquire 100% equity of Jinwangda Electromechanical for no more than RMB 550 million in cash

2 reports · 2 sources

Yuehongyuan A announced that it plans to acquire 100% equity of Shenzhen Jinwangda Electromechanical Co., Ltd. by cash and obtain control, with a transaction price of no more than RMB 550 million. The final price will be based on an appraisal report, determined through negotiation, and subject to a formal agreement. Compared with Jinwangda's net assets attributable to the parent, the transaction appreciation rate is approximately 286%, and it is expected to generate goodwill of approximately RMB 400 million. Jinwangda's production base is located in Dongguan City, and it focuses on the manufacturing of precision transmission functional components. Its products include precision linear guides, ball screws, planetary roller screws, precision reducers, and various modules, which are used in automation fields such as new energy, 3C electronics, panels, automotive manufacturing equipment, and medical care. The compensation obligors have committed that Jinwangda's annual net profit from 2026 to 2029 will be no less than RMB 36 million, RMB 41.5 million, RMB 47.5 million, and RMB 55 million, respectively, with a cumulative total of no less than RMB 180 million over the four years.