Huasu Holdings to Acquire 51% Stake in Ningxia Junfeng for 23.7048 Million Yuan

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Huasu Holdings announced that it plans to use its own funds of 23.7048 million yuan to acquire a 51% stake in Ningxia Junfeng New Energy Technology Co., Ltd. Upon completion of the transaction, the target company will become a controlled subsidiary of the company.

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Huasu Holdings Co Ltd
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▲ PositiveCapitalrelevance

Huasu Holdings plans to acquire a 51% controlling stake in Ningxia Junfeng for 23.7048 million yuan, an M&A transaction.

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宁夏君丰新能源科技有限公司i
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Ningxia Junfeng is the acquisition target, becoming a controlled subsidiary of Huasu Holdings; impact on the target itself is unclear.