CALB Secures 8.3155% Stake in Wuhan Unit for 660 Million Yuan, Bolstering Its Controlling Stake
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Author:小编   

On December 24, CALB released a statement revealing that it had successfully emerged as the winning bidder for an 8.3155% equity interest in CALB Technology (Wuhan) Co., Ltd. This acquisition was carried out through a public tendering process on the Beijing Stock Exchange, with the total transaction value reaching 660.0761 million yuan. Following this transaction, CALB's ownership stake in the Wuhan-based entity will rise from 51% to 59.3155%. Notably, the Wuhan company will continue to operate as a non-wholly-owned subsidiary of CALB.