Guangxi Oriental Intelligent Manufacturing Technology Co., Ltd. (SZSE:002175) entered into Equity transfer agreement to acquire Mingke (Shandong) Intelligent Manufacturing Co., Ltd from Mingke (Shandong) Logistics Technology Co., Ltd for CNY 1.6 million in May 12 2023. Transaction will be funded via Guangxi Oriental own funds.
In related transaction, Guangxi Oriental also Proposed to have a Capital Increase through own funds for CNY 20 million. After the transaction is completed, the company will hold 100% equity of Mingke (Shandong) Intelligent Manufacturing Co., Ltd. As of the end of March 2023, Mingke Intelligent Manufacturing has total assets of CNY 3.2699 million and owner's equity of CNY 964,900 yuan. Guangxi Oriental Intelligent Manufacturing Technology board approved the transaction