Shanghai Electric (02727.HK) subsidiary Yinhew Technology plans to acquire 100% of AngHua Automation's shares.

Financial news from China's Securities Times app: Shanghai Electric (02727.HK) issued an announcement on June 17, 2026, stating that the board of directors had reviewed and approved a proposal to acquire 100% of the shares of Aung Hua Automation through a non-public agreement, with a total transaction amount of 204,348,400 yuan. As part of the agreement, Shanghai Electric's subsidiary WinTech will acquire 58.02% of Aung Hua Automation's shares from Shanghai Electric Holdings for 118,562,900 yuan, and the remaining 41.98% from eight other shareholders for approximately 85,785,500 yuan. After the share transfer is completed, WinTech will hold 100% of Aung Hua Automation's shares.