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Hangxin Technology: Inks Intent Agreement for 51% Stake Acquisition in Shanghai Xinsheng
23 hour ago /
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Author：小编
Hangxin Technology issued a statement declaring its intention to acquire a 51% equity stake in Shanghai Xinsheng through a cash transaction. Once this deal is finalized, Shanghai Xinsheng will be transformed into a majority-owned subsidiary of Hangxin Technology. The overall valuation of the target entity, Shanghai Xinsheng, is projected to remain within the range of RMB 580 million, with the initial estimated total consideration for the transaction falling between RMB 280 million and RMB 295 million. The final purchase price will be contingent upon the results of a comprehensive assessment.
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