Xinrui shares (688257.SH) plans to acquire 80% equity of HuiLian Electronics for 800 million yuan to accelerate layout in the PCB tool field.

Smart Finance APP News, Xinrui Shares (688257.SH) announced that, in order to further expand the company's cutting tool sector business, accelerate the company's layout in the PCB tool field, improve the product matrix, and enhance the company's market competitiveness, the company plans to acquire 80% equity of Xinxiang Huilian Electronic Technology Co., Ltd. (referred to as "Huilian Electronics"), to obtain its controlling rights. The transaction price is 800 million yuan, with funding sources from own funds and merger and acquisition loans. At the same time, in order to address competition issues with the target company and develop overseas markets, the company plans to use no more than 28 million yuan of its own funds to acquire 70% equity of WINWIN HITECH (THAILAND) CO.,LTD.