TODAY'S MARKET INTELLIGENCE
Zhongying Tech Plans to Acquire 51% of Yingzhong Electric for 560M Yuan in Cash
English summary
Zhongying Technology announced a cash acquisition of 51% equity in Changzhou Yingzhong Electric from Yu Biao and others for 560 million yuan, constituting a related-party transaction and major asset restructuring. The target makes insulating materials for power transmission equipment, with an appraised value increase of 198.56%. Commitments: 2026 net profit no less than 110 million yuan; cumulative 2026-2028 no less than 360 million yuan.
The English text is machine translated and may require verification against the Chinese version.
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