Luxshare Precision Accessory Ltd. acquired unknown minority stake in China Merchants Bank Co., Ltd. for CNY 78 million.
Luxshare Precision Accessory (Kunshan) Ltd. acquired unknown minority stake in China Merchants Bank Co., Ltd. (SHSE:600036) for CNY 78 million on August 7, 2024. A cash consideration of CNY 78 million will be paid by Luxshare Precision Accessory (Kunshan) Ltd. As part of consideration, CNY 78 million is paid towards common equity of China Merchants Bank Co., Ltd.
Luxshare Precision Accessory (Kunshan) Ltd. completed the acquisition of unknown minority stake in China Merchants Bank Co., Ltd. (SHSE:600036) for CNY 78 million on August 7, 2024.