COFCO Engineering & Technology (301058.SZ) plans to acquire a 60% equity stake in Huashang Yiyuan for RMB 25.554 million.

Zhitong Finance APP News, COFCO Engineering & Technology (301058.SZ) announced that the company plans to use its own funds to acquire a 60% equity interest in Beijing Huashang Yiyuan Refrigeration and Air Conditioning Engineering Co., Ltd. ("Huashang Yiyuan") held by Domestic Trade Engineering Design & Research Institute Co., Ltd., a wholly-owned subsidiary indirectly held 100% by the company's actual controller COFCO Group Co., Ltd., for a total consideration of RMB 25.554 million. Upon completion of the acquisition, the company will hold a 60% equity interest in Huashang Yiyuan, and Huashang Yiyuan will be included in the scope of the company's consolidated financial statements.