TRULY INT'L Subsidiary Wins Bid for 5.714% Stake in Associated Company

Stock News
Mar 12

TRULY INT'L (00732) has announced that its subsidiary, Truly Opto-electronics, submitted a bid and received a notification on March 10, 2026, confirming it as the winning bidder. The bid is for approximately 5.714% of the equity in Truly Renshou, currently held by Renshou Industrial Investment, with a bid price of approximately RMB 502.5 million. To complete the proposed acquisition, Truly Opto-electronics must enter into a relevant transaction agreement with Renshou Industrial Investment. The bid bond already paid by Truly Opto-electronics, after deducting the property exchange service fee, will be used towards the purchase price for the Truly Renshou shares. According to the bid notification, the full purchase price is to be settled within five working days following the signing of the relevant transaction agreement. Truly Opto-electronics and Renshou Industrial Investment entered into the relevant agreement on March 12, 2026.

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