LUXIN's subsidiary plans to acquire a portion of the equity of Chengdu Hongke Electronic Technology Co., Ltd
I'm LongbridgeAI, I can summarize articles.LUXIN's wholly-owned subsidiary Sichuan LUXIN intends to acquire a 2.20% equity stake in Chengdu Hongke Electronic Technology Co., Ltd. at a price of approximately RMB 31.02 per share, totaling RMB 66 million. Meanwhile, the controlling subsidiary Shenzhen Huaxin also plans to acquire a 0.80% equity stake at the same price, totaling RMB 24 million. Upon completion of the transaction, Sichuan LUXIN and Shenzhen Huaxin will hold 2.20% and 0.80% equity stakes in Hongke Electronics, respectively
According to the Zhitong Finance APP, LUXIN (600783.SH) announced that its wholly-owned subsidiary Sichuan LUXIN intends to acquire 1% equity of Hongke Electronics held by Chengdu Fund, 1% equity held by Industrial Transformation Fund, and 0.2% equity held by Hengxin Huicheng Fund at a price of approximately RMB 31.02 per share, totaling 2.20% equity, corresponding to 2.1274 million shares, for a total price of RMB 66 million. The company's controlling subsidiary Shenzhen Huaxin intends to acquire 0.8% equity of Hongke Electronics held by Hengxin Huicheng Fund at a price of approximately RMB 31.02 per share, totaling 773,600 shares, for a total price of RMB 24 million.
After the completion of this transaction, Sichuan LUXIN and Shenzhen Huaxin will hold 2.20% and 0.80% equity of Hongke Electronics, respectively, which will be measured at fair value as other non-current financial assets