I'm LongbridgeAI, I can summarize articles.According to the announcement from the Zhitong Finance APP, ROBAM (002508.SZ) announced that the company plans to first transfer 49% of the equity of its wholly-owned subsidiary Hainan Robam Intelligent Technology Co., Ltd. (hereinafter referred to as "Hainan Robam") to Hangzhou Robam Industrial Group Co., Ltd. (hereinafter referred to as "Robam Group"). Given that the registered capital of Hainan Robam has not yet been fully paid and there are currently no actual business activities, the price for Robam Group to acquire 49% of Hainan Robam's equity in this transfer is 0 yuan, and it will assume the corresponding obligations for future capital contributions. After the transfer is completed, the company will directly hold 51% of Hainan Robam's equity, and the company will be able to directly control Hainan Robam before and after the transfer.
After the completion of the aforementioned equity transfer, the company plans to purchase 60% of the equity of iTronics Holding Limited (hereinafter referred to as "iTronics" or "target company") from Itronics Plus Limited through its wholly-owned subsidiary Robam Appliances (Hong Kong) Investment Co., Ltd. (hereinafter referred to as "Hong Kong Robam Appliances") and sign a "Share Transfer Agreement" with the counterparty, with the transfer price for the 60% equity set at USD 175 million. Upon completion of this transaction, the target company will be included in the company's consolidated financial statements.
The target company focuses on thermometer products in kitchen scenarios and has been deeply engaged in the North American market for many years, establishing a mature online and offline sales network and localized operational capabilities, with long-term accumulation in local teams, logistics and warehousing, product research and design, and brand operations. This acquisition is a key initiative for Robam Appliances to expand its product categories and accelerate its overseas market layout around its core kitchen business