Guangdong Hongda: Subsidiary Hongda Defense to Acquire 60% Stake in Changzhilin for RMB 1.02 Billion
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Author:小编   

Hongda Defense, a subsidiary of Guangdong Hongda, intends to acquire a 60% equity stake in Changzhilin for a cash consideration of RMB 1.02 billion. This strategic move aims to bolster Hongda Defense's presence in the defense equipment sector. Upon successful completion of the transaction, Hongda Defense will assume the role of controlling shareholder in Changzhilin. Notably, this acquisition does not constitute a related-party transaction, nor does it involve a significant asset reorganization, thereby eliminating the need for shareholder approval.