Xiangxin Technology has officially declared that its board of directors has given the green light to the 'Proposal for Signing a Framework Agreement on Equity Acquisition.' The company is set to acquire a 51% controlling stake in Suzhou Ku'erxin Technology Co., Ltd., leveraging a combination of cash transactions and capital injections.

Ku'erxin Technology, the focal point of this acquisition, is a prominent player in the liquid cooling sector, specializing in the research, development, manufacturing, and distribution of liquid cooling components. Its product lineup features key items such as bellows and integrated heat pipe modules, with the added flexibility to tailor products to meet specific customer requirements.

The preliminary valuation for Ku'erxin Technology stands at RMB 675 million. Upon the completion of the transaction, Ku'erxin Technology is poised to transition into a wholly-controlled subsidiary under the Xiangxin Technology umbrella.