Wise Living Technology (HKG:2481) will purchase energy-saving electromagnetic switch motors worth 4.5 million yuan from Jiangsu Shuangliang Bangji Electronics, a company controlled by its major shareholder, according to a Friday Hong Kong bourse filing.
The deal covers 150 motor units across two models and follows an earlier 9 million yuan purchase in February, bringing the aggregated transaction value to 13.5 million yuan.
The company said the new equipment will be used in heat exchange stations to improve operational efficiency and reduce costs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.