HBGK plans to issue additional shares to acquire a 51% stake in Yilu Weixing, which primarily operates in the ETC-related business
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HBGK plans to issue additional shares to acquire 51% equity of Yilu Weixing. After the transaction is completed, Yilu Weixing will become its subsidiary. The issuance price for this additional share offering is RMB 8.10 per share, with total fundraising not exceeding 100% of the transaction price. Yilu Weixing focuses on the smart transportation sector, providing ETC issuance services and value-added services, supporting listed companies in expanding their security business and smart city construction
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