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Xinlaifu: Announces Acquisition of 100% Stake in Jinnan Magnetic Materials; Trading to Resume
2025-04-27 /
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Author：小编
Xinlaifu intends to acquire a 100% stake in Guangzhou Jinnan Magnetic Materials Co., Ltd. through a combination of share issuance and cash payment, while simultaneously raising additional funds to support this significant asset restructuring. Upon completion of this transaction, Xinlaifu will incorporate Jinnan Magnetic Materials' expertise in permanent magnets, soft magnetic materials, and PM powder metallurgy, thereby broadening its business scope and fostering synergy across its industrial chain. Trading in the company's shares is scheduled to resume on April 28, 2025.
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