On September 18, Jiahe Smart revealed its strategic intention to acquire a 55% shareholding in Huaze Electronics. This stake is currently held by four shareholders, among whom is Shen Shengmeng, and the acquisition will be executed via a cash deal with an estimated pre-transaction value of RMB 330 million. Following the successful conclusion of this transaction, Huaze Electronics is set to transform into a majority-controlled subsidiary under the umbrella of Jiahe Smart.
