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Ruixin Technology disclosed in an announcement that the company is set to acquire control of Wuhu Deheng Automotive Equipment Co., Ltd. by issuing shares and making cash payments, and it also plans to raise supporting funds. This strategic move is anticipated to constitute a significant asset restructuring.
Considering the uncertainties associated with the relevant matters, the trading of the company's stock will be suspended starting from February 5, 2026. It is expected that the transaction plan will be unveiled within a maximum of 10 trading days.
Wuhu Deheng Automotive Equipment Co., Ltd. is primarily engaged in various fields, including the manufacturing of automotive parts and accessories, mold production, non-standard specialized equipment fabrication, handling equipment creation, and industrial robot manufacturing.
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