I'm LongbridgeAI, I can summarize articles.MINAMI plans to acquire 20% equity in MINAMI Malaysia to integrate internal resources and optimize business and governance structure. Its wholly-owned subsidiary, Hong Kong MINAMI, will acquire the equity held by Teh How Chee for 3.4411 million Malaysian Ringgit. Upon completion, the company's shareholding in MINAMI Malaysia will increase from 80% to 100%. This transaction will not affect the company's consolidation scope
According to the announcement from Zhitong Finance APP, MINAMI (301383.SZ) announced that the company holds 80% of the shares in its overseas holding subsidiary MINAMI ELECTRONICS MALAYSIA SDN.BHD. (hereinafter referred to as "Malaysia MINAMI"). In order to integrate the company's internal resources, optimize the company's business structure and governance structure, and improve the overall operational decision-making efficiency, the company's wholly-owned subsidiary MINAMI ACOUSTICS LIMITED (hereinafter referred to as "Hong Kong MINAMI") plans to use its own funds to acquire 20% of the shares of Malaysia MINAMI held by Mr. Teh How Chee (hereinafter referred to as "the transferor"), with a total share transfer price of 3.4411 million Malaysian Ringgit or the equivalent in US dollars.
Upon completion of this share acquisition, Hong Kong MINAMI will hold 20% of the shares in Malaysia MINAMI, and the company's total shareholding in Malaysia MINAMI, through direct holdings and through Hong Kong MINAMI, will increase from 80% to 100%. This transaction will not result in any changes to the scope of consolidation of the company