Wedge Industrial Co.,Ltd. (SZSE:000534) entered into an agreement to acquire Shenzhen Suborui Aviation Materials Co., Ltd. from Shenzhen Suborui New Material Co., Ltd. for CNY 30 million on June 9, 2023. As of April 30, 2023, Shenzhen Suborui Aviation Materials reported net assets of CNY 28.3111 million and total assets of CNY 135.019 million. Wedge Industrial's board of director approved the transaction.