Hangzhou Gaoxin: Sun Gaoxin plans to purchase production and operation-related assets from Sun Cable
Hangzhou Gaoxin announced that it will jointly invest with Fujian Nanping Sun Cable to establish Fujian Nanping Sun Gaoxin Cable Materials Co., Ltd. Sun Gaoxin plans to purchase related assets from Sun Cable, including machinery, vehicles, and electronic equipment, with a total transaction amount of 193 million yuan, funded through self-raised capital. This move aims to meet production and operational needs and promote long-term development
According to the Zhitong Finance APP, Hangzhou Gaoxin (300478.SZ) announced that in March 2025, the company will jointly invest with Fujian Nanping Sun Cable Co., Ltd. (“Sun Cable”) to establish Fujian Nanping Sun High-tech Cable Materials Co., Ltd. (“Sun High-tech”). Sun High-tech intends to purchase assets related to production and operation, including machinery, vehicles, and electronic (other) equipment, from Sun Cable due to business development and operational needs.
This transaction is aimed at meeting the production and operational needs of Sun High-tech and will contribute to its long-term development. After the parties involved complete the approval procedures, they will sign a sales contract, with a total transfer price of 193 million yuan (including tax). The funding for this transaction will come from Sun High-tech's self-raised funds
