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Piotech Outlines Plans for Share Issuance and Cash Payments to Secure Equity Stakes in Several Firms
9 hour ago /
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Author：小编
Piotech has announced its intention to acquire an 82.97% stake in Wuxi Shangji, along with 100% equity in both Shanghai Tainawei and Wuxi Kuanxing. These acquisitions will be sourced from 34 trading entities, including key stakeholders Wang Shikuan, Xia Xiaojun, and Wuxi Xinju. The transaction will be facilitated through a combination of share issuance and cash payments, culminating in a total deal value of 2.5 billion yuan. Concurrently, Piotech plans to secure matching funds from a select group of no more than 35 specific investors. Upon the transaction's culmination, Piotech is set to gain direct and indirect sole ownership of Wuxi Shangji. Importantly, this strategic move does not qualify as a backdoor listing.
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