Anjie Technology: Cash-Based Plan to Secure 51% Stake in Suzhou Zhifeng
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Author:小编   

Anjie Technology has declared that Weisidongshan, its wholly-owned subsidiary, intends to purchase a 51% stake in Suzhou Zhifeng MIM Powder Metallurgy Co., Ltd. through a cash transaction. The initial consideration for this acquisition is set at RMB 204 million, with the possibility of an additional contingent consideration not exceeding RMB 51 million, culminating in a total potential investment of no more than RMB 255 million. Upon the successful completion of this transaction, Suzhou Zhifeng will transform into a subsidiary under the control of Anjie Technology and will be integrated into its consolidated financial statements. Suzhou Zhifeng is a specialist in Metal Injection Molding (MIM) technology, offering essential supporting products for industries such as optical communication interconnection, new energy vehicles, and high-end medical care. Among its primary offerings are optical module chip substrates.