Shareate Tools Ltd to Acquire 70% Stake in Huilian Electronics for Up to 700 Million Yuan

Stock News

02/11

Shareate Tools Ltd (688257.SH) has announced plans to acquire a 70% equity stake in Huilian Electronics Technology Co., Ltd. for no more than 700 million yuan, thereby gaining control of the target company. Concurrently, to address potential competition issues and support overseas market expansion, the company intends to purchase a 70% stake in WINWIN Company from Zhang Zhe, spouse of Xu Meihua, for no more than 28 million yuan, also securing control. Huilian Electronics specializes in PCB cutting tools, cutting instruments, and precision components. It is recognized as a national-level "little giant" enterprise in the specialized PCB tool segment and a champion manufacturer in Henan Province, with strong market competitiveness and industry influence in the PCB tool sector.

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