Estun Plans to Acquire Additional Shares in Subsidiary Estun Jiangsu Intelligent for Approximately 485 Million Yuan
Overview
On November 9, industrial robot leader Estun (SZ002747) announced the completion of agreements to acquire an additional 44.86% equity stake in its subsidiary, Estun Jiangsu Intelligent, from three funds for a total price of approximately 485 million yuan. The valuation was based on an assessment report showing significant growth in the subsidiary's net assets.
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- Chinese robotics — Company news discoverySignalEstun Plans to Acquire Additional Shares in Subsidiary Estun Jiangsu Intelligent for Approximately 485 Million Yuan
On November 9, industrial robot leader Estun (SZ002747) announced the completion of agreements to acquire an additional 44.86% equity stake in its subsidiary, Estun Jiangsu Intelligent, from three funds for a total price of approximately 485 million yuan. The valuation was based on an assessment report showing significant growth in the subsidiary's net assets.
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