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Kechuang Xinyuan Unveils Plans to Secure Controlling Interests in Zhaoke Group Entities with RMB 245 Million Investment, Bolstering Polymer Materials Sector Position
4 hour ago /
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Author：小编
On the evening of May 28, Kechuang Xinyuan disclosed that the company, along with its wholly-owned subsidiary, Hong Kong Kechuang, intends to purchase 50% equity shares each in Dongguan Zhaoke Electronic Material Technology Co., Ltd. and ZHIKE TECHNOLOGY PTE.LTD. (Singapore Zhike) through a cash transaction amounting to RMB 245 million. By way of voting rights delegation, they aim to secure 55% of the voting rights in both entities, thus attaining controlling interests. This strategic move has received the green light from the board of directors and awaits the final nod from the shareholders' meeting.
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