Shuangyi Technology has announced its intention to acquire 100% of the equity and specific assets (comprising land and plant) of Marky Industries Pty Ltd, a prominent composite material product sales enterprise based in Queensland, Australia. The acquisition, valued at AUD 18 million plus an equity acquisition adjustment amount, will be facilitated through a newly established wholly-owned subsidiary. Marky Industries holds a significant position as a key supplier to Volvo in Australia. This strategic move aims to bolster Shuangyi Technology's global production base network, broaden its overseas sales channels, and expedite its internationalization process.
