Anjie Technology plans to purchase 100% stake in Weis Dongshan for 515 million yuan

Gathering micro-network news, June 12, An Jie Technology announced that the company's board of directors passed the proposal, the company plans to use self-raised funds to acquire Chongqing Weistai Electronic Materials Co., Ltd., Suzhou Dongshan Precision Manufacturing Co., Ltd., Wu Hao, Suzhou Fu The Oaks Management Consulting Partnership (Limited Partnership) holds a 100% equity interest in Wisdom Mountain. The transaction price is expected to be 515 million yuan. After the acquisition, Wisdom Mountain will become a wholly-owned subsidiary of the company.

According to the statistics, Weis Dongshan was established on January 12, 2017 with a registered capital of RMB 100 million. Weis Dongshan mainly manufactures products that are resistant to electromagnetic interference, such as soft magnetic materials, and are mainly used in wireless charging related products, with strong technology research and development. Strength, directly into the supply chain of major international customers.

Anjie Technology stated that the company’s acquisition of 100% equity in Weis Dongshan will help the company expand its business scope, optimize the product structure, provide customers with diversified products, enter the field of magnetic materials, and apply magnetic materials to smart phones and tablet computers. A variety of consumer electronic products and new energy vehicles and other fields. The transaction further strengthens the company's competitive advantage and competitive position in the same industry, which is conducive to enhancing the company’s comprehensive competitiveness and enhancing its overall profitability.

It is reported that Suzhou Anjie Technology Co., Ltd. is an overall scheme design supplier specializing in various special electronic insulating materials, buffer materials and other professional functional materials.

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