Shentong Metro: Plans to acquire a 15% stake in Metro Electric Science and achieve consolidation

Jin Shi Data reported on January 21 that Shentong Metro announced that the company plans to purchase a 15% equity stake in Metro Electric Science from Baosight Software, increasing its shareholding from 50% to 65% and consolidating it into its financial statements. Baosight Software will list the 15% equity stake in Metro Electric Science for transfer on the Shanghai United Assets and Equity Exchange on December 31, 2024, with a starting price of 24 million yuan, and the final transaction price will be determined by the bidding situation. On December 3, 2024, Beijing Zhongqi Hua Asset Appraisal Co., Ltd. issued an asset appraisal report numbered: Zhongqi Hua Ping Bao Zi (2024) No. 5027, valuing the net assets of Metro Electric Science at 152.78 million yuan. This transaction aligns with the company's operational situation and development strategy, strengthens the company's business in the maintenance and repair field, further enhances its core business, optimizes profit structure, and promotes the company's innovative transformation and development. This transaction is consistent with the company's long-term strategic planning, with overall risks being controllable and will not have a significant impact on the company's operations