---
title: "ZYST: Plans to acquire no less than 51% of the shares of Yingzhong Electric"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277172157.md"
description: "36Kr learned that ZYST announced that on February 26, the company signed a Letter of Intent with shareholders Yu Yingzhong, Zhu Lijuan, and Yu Biao of Yingzhong Electric, intending to acquire no less than 51% of the shares of Yingzhong Electric in cash and obtain control of Yingzhong Electric. Upon completion of this transaction, Yingzhong Electric will become a controlled subsidiary of the company and will be included in the company's consolidated financial statements. The target company is a professional supplier of insulating fiber materials and their molded products, with products covering all voltage levels of power transmission and transformation equipment, including medium and low voltage, high voltage, ultra-high voltage, and extra-high voltage AC and DC"
datetime: "2026-02-27T09:22:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277172157.md)
  - [en](https://longbridge.com/en/news/277172157.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277172157.md)
---

# ZYST: Plans to acquire no less than 51% of the shares of Yingzhong Electric

36Kr learned that ZYST announced that on February 26, the company signed a Letter of Intent with Yingzhong Electric shareholders Yu Yingzhong, Zhu Lijuan, and Yu Biao to acquire no less than 51% of the shares of Yingzhong Electric in cash and obtain control of Yingzhong Electric. Upon completion of this transaction, Yingzhong Electric will become a controlled subsidiary of the company and will be included in the company's consolidated financial statements. The target company is a professional supplier of insulating fiber materials and their molded products, with products covering all voltage levels of power transmission and transformation equipment, including medium and low voltage, high voltage, ultra-high voltage, and extra-high voltage AC and DC

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