Saimo Technology plans to establish a joint venture named Luoyang Saimo Technology Innovation Co., Ltd. to accelerate the transformation and upgrading of traditional manufacturing
Saimo Technology, together with Luoyang Science and Technology Innovation Group and Aviation Investment Fund, has jointly invested to establish Luoyang Saimo Science and Technology Co., Ltd., with a registered capital of 50 million yuan. Saimo Technology contributed 25 million yuan, accounting for 50%. The joint venture will focus on the research and development of industrial automation products and technical cooperation, aiming to accelerate the transformation and upgrading of traditional manufacturing and enhance the company's core competitiveness in the field of intelligent manufacturing
According to the announcement from ZhiTong Finance APP, Saimo Technology (300466.SZ) announced that the company plans to jointly invest with Luoyang Science and Technology Innovation Group Co., Ltd. (a wholly-owned subsidiary of the company's controlling shareholder Luoyang Guohong Investment Holding Group Co., Ltd., referred to as "Science and Technology Innovation Group") and Hangtou Private Equity Fund Management Co., Ltd. (referred to as "Hangtou Fund") to establish "Luoyang Saimo Science and Technology Co., Ltd." The registered capital of the joint venture company is 50 million yuan, and all parties will contribute their own funds in cash; among them, the company will contribute 25 million yuan, accounting for 50% of the registered capital of the joint venture company; Science and Technology Innovation Group will contribute 24.5 million yuan, accounting for 49% of the registered capital of the joint venture company; Hangtou Fund will contribute 500,000 yuan, accounting for 1% of the registered capital of the joint venture company. The company is the controlling shareholder of the joint venture company, and after its establishment, it will be included in the company's consolidated financial statements.
The joint venture company will cooperate with research institutes stationed in Luoyang on the research and development of automation products in the industrial field, technical cooperation, etc., to improve the transformation rate of scientific and technological achievements, accelerate the transformation and upgrading of traditional manufacturing, and further enhance the company's core competitiveness in the field of intelligent manufacturing
