Chuangli Group plans to spend CNY 66.3286 million to acquire a 56.94% stake in Zhongmei Hydraulic to achieve business complementarity and synergistic value enhancement
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Chuangli Group's wholly-owned subsidiary, Zhejiang Zhongmei Machinery Technology Co., Ltd., plans to acquire a 56.94% stake in Zhongmei Hydraulic for 66.3286 million yuan, aiming to enhance market competitiveness through horizontal integration and achieve business complementarity and synergistic value addition. This acquisition will transform Zhongmei Technology from a primarily "mechanical" focus to an integrated electromechanical and hydraulic operation, expand its professional field, address shortcomings in automation control, and lay the foundation for future intelligent solutions
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