Yidong Electronics (301123.SZ) plans to acquire the minority shareholder equity of Shenzhen Guanding for RMB 116 million, raising its shareholding to 80%.

Zhitong Finance APP News, Yidong Electronics (301123.SZ) announced that the company has signed an Equity Transfer Agreement with Liang Lizhuang and Qiu Wansheng. Liang Lizhuang will transfer his capital contribution of 1.25 million yuan in Shenzhen Guanding Metal Technology Co., Ltd. (referred to as "Shenzhen Guanding"), corresponding to 25% equity of Shenzhen Guanding, to the company at a price of 100 million yuan; Qiu Wansheng will transfer his capital contribution of 200,000 yuan in Shenzhen Guanding, corresponding to 4% equity of Shenzhen Guanding, to the company at a price of 16 million yuan. After the completion of this acquisition, the company will hold 80% equity of Shenzhen Guanding, and the scope of the company's consolidated financial statements will remain unchanged.