Suzhou Langwei Electronic Machinery Co., Ltd. announces progress on its wholly-owned subsidiary, Longway US Corp., acquiring land and a factory in Geneva, Illinois, for $15.24 million. The acquisition aims to shorten delivery radius and reduce costs. The parties have signed a formal Purchase and Sale Agreement.
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Securities Code: 301202
Securities Abbreviation: Langwei Shares
Announcement No.: 2026-029
Suzhou Langwei Electronic Machinery Co., Ltd.
Announcement on Progress of Acquisition of Assets by Wholly-Owned Subsidiary
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Transaction Overview
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