Pote New Material: Announces Plan to Purchase Minority Share in Key Subsidiary Xinguan Technology for 20 Million Yuan
2 week ago / Read about 0 minute
Author:小编   

Pote New Material issued a public notice stating that it intends to buy a 20% equity interest in Xinguan Technology from Xinguan Tiancheng for a cash consideration of 20 million yuan. Once this transaction is finalized, Pote New Material will gain 100% ownership of Xinguan Technology. As a key subsidiary under Pote New Material's control, Xinguan Technology specializes in the research, development, manufacturing, and marketing of chip inductors. This deal is classified as a related-party transaction; however, it does not reach the threshold of a significant asset restructuring. The proposal has received approval from the board of directors, with the relevant director, Ruan Jialin, choosing to abstain from voting.

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