Foshan Blue Arrow Electronic Co., Ltd. announces the progress of its acquisition of a 60% equity stake in Chengdu Xinyi Technology Co., Ltd. The acquisition, valued at RMB 336 million, was approved by the board and shareholders. Chengdu Xinyi has completed its industrial and commercial registration, with Foshan Blue Arrow Electronic becoming its controlling subsidiary.
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Foshan Blue Arrow Electronic Co., Ltd.
Announcement on the Progress of Acquiring 60% Equity of Chengdu Xinyi Technology Co., Ltd.
The company and all members of the board of directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Transaction Overview
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