---
title: "Cubic plans to acquire the remaining 49% equity of its controlling subsidiary Guangdong Fengxin for 6.6615 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243688056.md"
description: "Cubic plans to acquire 49% equity of its holding subsidiary Guangdong Fengxin Electric Motor Co., Ltd. for 6.6615 million yuan, and after the acquisition, it will hold 100% equity. This transaction is based on the net assets of Guangdong Fengxin as of December 31, 2024, with a transaction price of 59.56% of its net assets. This move will optimize the governance structure of Guangdong Fengxin, improve operational decision-making efficiency, enhance supply chain security, and increase the company's market competitiveness in the fields of automotive electronics and HVAC"
datetime: "2025-06-09T10:48:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243688056.md)
  - [en](https://longbridge.com/en/news/243688056.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243688056.md)
generator: "portal-rs"
---

# Cubic plans to acquire the remaining 49% equity of its controlling subsidiary Guangdong Fengxin for 6.6615 million yuan

Zhitong Finance APP news, Cubic (688665.SH) announced that the company intends to acquire 49% of the equity held by Dongguan Changfeng Equity Investment Co., Ltd. (hereinafter referred to as "Dongguan Changfeng") in its controlling subsidiary Guangdong Fengxin Electric Motor Co., Ltd. (hereinafter referred to as "Guangdong Fengxin"). Upon completion of this acquisition, the company will hold 100% equity of Guangdong Fengxin. The transaction price is determined based on the net assets of the target company, with the equity transfer price set at RMB 6.6615 million, which is 59.56% of Guangdong Fengxin's net assets as of December 31, 2024.

After the completion of this transaction, on one hand, the governance structure of the company's controlling subsidiary Guangdong Fengxin will be further optimized, which is conducive to improving the efficiency of relevant operational decision-making and market response speed, better adapting to market changes and meeting customer needs; on the other hand, the supply chain security of key components such as brushless fans in the company's gas sensors will be further strengthened, which is beneficial for ensuring product capacity, deepening cost control, and enhancing the company's market competitiveness in related products in the automotive electronics, HVAC, and other business fields

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**