Meili High Technology plans to acquire 10.1% equity in Beijing Dayuan and 10.1% equity in Jiangsu Dayuan
I'm LongbridgeAI, I can summarize articles.Meili High Technology announced that it plans to acquire 10.1% equity stakes in Beijing Dayuan and Jiangsu Dayuan held by Dayuan Steel for 15 million yuan. After the transaction is completed, it will hold 80.1% equity stakes in both companies, enhancing decision-making efficiency for its subsidiaries
According to the announcement from Meili High Technology (300611.SZ), the company plans to use its own funds of 15 million yuan to acquire 10.1% equity in Beijing Meili Dayuan Spring Co., Ltd. (referred to as "Beijing Dayuan") and Jiangsu Meili Dayuan Spring Co., Ltd. (referred to as "Jiangsu Dayuan") held by Dayuan Steel Co., Ltd. After the completion of this related transaction, the company will hold 80.1% equity in both Beijing Dayuan and Jiangsu Dayuan, which is beneficial for improving the decision-making efficiency of the company's subsidiaries