Yuk Wing Group Completes Acquisition of 65% Stake in Anhui Runsheng Power Technology
Stock News
Sep 22
Yuk Wing Group (01536) has announced that all conditions precedent for its acquisition have been fulfilled, with the transaction officially completed on September 22, 2026.
The company's wholly-owned subsidiary, Shangbiao Limited, has finalized the purchase of a 65% equity interest in Anhui Runsheng Power Technology Co., Ltd. from Mr. Fang Haibo, at a total consideration of RMB 37.5 million.
Following the completion, Yuk Wing Group now beneficially owns 65% of the target company, which has become an indirect non-wholly-owned subsidiary of the group. Consequently, the target company's financial statements will be consolidated into the group's financial reports.
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