
Autowell plans to acquire an 8.99% stake in its controlling subsidiary Songci Electromechanical for 144 million yuan

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Autowell plans to acquire an 8.99% stake in its controlling subsidiary Songci Electromechanical for 144 million yuan, increasing its shareholding from 73.84% to 82.83%. This move will enhance the company's management efficiency over Songci Electromechanical, strengthen control over the single crystal furnace business, expand product variety, improve market competitiveness, optimize resource allocation, promote collaborative development across various business segments, and enhance profitability
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