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On January 26, Dinglong Group unveiled its intention to acquire a 70% equity stake in Shenzhen Haofei New Material Co., Ltd., via an equity transfer, utilizing either its internal funds or those raised externally, at a cost of RMB 630 million. The full valuation of the target company, when considering 100% ownership, stands at RMB 900 million. It's important to note that this transaction neither involves related parties nor qualifies as a significant asset restructuring. Following the transaction's completion, the target company will transform into a controlled subsidiary of Dinglong Group and will be integrated into its consolidated financial statements. This strategic move signifies Dinglong Group's official foray into the lithium battery materials sector.
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