Wuyang Automatic Control: Intends to Purchase a 51% Stake in Kesyu for 681 Million Yuan
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Author:小编   

On June 4, Wuyang Automatic Control made an announcement stating that it had entered into an Acquisition Agreement with the shareholders of Dongguan Kesyu Liquid Cooling Technology Co., Ltd. The company plans to acquire a 51% stake in Kesyu for a cash consideration of 681 million yuan. Kesyu is a specialized firm engaged in the research and development, production, and sales of stainless steel corrugated pipes, water distributors, and cold plates, which serve as essential components for servers. This transaction has received the endorsement of the board of directors and does not qualify as a significant asset restructuring or a restructuring listing. Additionally, the transaction encompasses performance commitments, stipulating that the net profit should not fall below 90 million yuan in 2026, and the combined net profit for 2027 and 2028 should not be less than 270 million yuan.