Xiamen Voke Mold & Plastic Engineering Co., Ltd. (SZSE:301196) agreed to acquire Acot Plastics (xiamen) Co. Ltd. from Global Technology Co., Ltd. for CNY 60 million on November 15, 2023. Under the terms, Xiamen Voke Mold & Plastic will pay 10% consideration on the next working day after the signing date, 85% within 5 working days of receiving approval from general meeting of shareholders of Acma and the remaining 5% will be used as a deposit for this transaction and as a guarantee for contingent liabilities after the completion of this equity transfer.

The consideration will be paid from own funds. As of September 30, 2023, Acot Plastics reported Asset of CNY 132.741 million and net total common equity of CNY 77.3 million. The transaction is approved by the board of Xiamen Voke Mold & Plastic and remains subject to approval by the shareholders of Acma Ltd.