Hefei Taihe Intelligent Tech to Buy Power Supply Company from Controlling Shareholder for 50 Million Yuan; Shares Slump 5%

MT Newswires Live

2025/06/17

Hefei Taihe Intelligent Technology Group (SHA:603656) plans to fully acquire Anhui Sunshine Youchu New Energy for a consideration of up to 50 million yuan, according to a Shanghai bourse filing on Tuesday.

The power supply company will be bought from Sunshine New Energy Development, the controlling shareholder of the Chinese technology company.

The company's shares dropped less than 5% in recent trade.

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