Tellhow plans to issue shares to acquire a 27.46% stake in Tellhow Military Industry, resuming trading on April 8
I'm LongbridgeAI, I can summarize articles.Tellhow plans to acquire 27.46% equity of Tellhow Military Industry through the issuance of shares, with related audits and evaluations yet to be completed. This acquisition will enhance the listed company's control over its subsidiaries, improve profitability, and increase risk resistance. The company's main business focuses on the military equipment and emergency equipment industries, with key products including communication command systems and military navigation equipment. The stock will resume trading on April 8, 2025
Zhitong Finance APP news, Tellhow Technology (600590.SH) has released a plan for issuing shares to purchase assets and related transactions. The listed company intends to purchase a total of 27.46% equity in Tellhow Military Industry held by Hangfa Fund, Zhongbing Guotiao Fund, Zhongbing Investment, Chongqing Taihefeng, and Yumei Fund through the issuance of shares. As of the date of signing this plan, the relevant audit and evaluation work for this transaction has not yet been completed, and the valuation of the target assets and the transaction price have not been determined.
The company's current main business is focusing on the military equipment industry and the emergency equipment industry for the civilianization of military technology. The company's military equipment industry conducts business around the informatization and intelligence of weaponry and equipment, with main products including vehicle-mounted communication command systems, military navigation equipment, shipborne combat support systems, and various military power supply equipment; the company's emergency equipment industry actively practices military-civilian integration development based on military power supply-related technologies, conducting business in the civilian market around emergency power supply assurance, with main products being various types of intelligent emergency power supplies and related products.
The target company for this share issuance to purchase assets, Tellhow Military Industry, is a holding subsidiary of the listed company and the main operating entity of the listed company's military equipment industry. This acquisition of a portion of the minority equity in Tellhow Military Industry is beneficial for further enhancing the listed company's control over its subsidiaries, improving the listed company's sustainable profitability and risk resistance capabilities, and strengthening the listed company's industrial layout in the military equipment field.
According to the company's application to the Shanghai Stock Exchange, the company's stock will resume trading from April 8, 2025