Yantai Yatong Precision Mechanical Corporation (SHSE:603190) agreed to acquire 55% stake in Rizhao Xingye Auto Parts Co., Ltd. from SPG Rizhao Port Group Co., Ltd and Rizhao Xinxing Enterprise Management Consulting Center (Limited Partnership) on May 13, 2024.Transaction has already been approved by Yantai Yatong Precision Mechanical's board of director's. Transaction is subject to Yantai Yatong Precision Mechanical Corporation's shareholders.
Yantai Yatong Precision Mechanical Corporation (SHSE:603190) cancelled the acquisition of 55% stake in Rizhao Xingye Auto Parts Co., Ltd. from SPG Rizhao Port Group Co., Ltd and Rizhao Xinxing Enterprise Management Consulting Center (Limited Partnership) on June 7, 2024.