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The subsidiary of Eston (002747.SZ) plans to acquire shares in Eston Cool Zhuo for 487 million yuan
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According to Zhitong Finance App, Eston (002747.SZ) announced that its wholly-owned subsidiaries, Nanjing Eston Robotics Engineering Co., Ltd. (“Aston Robot”) and Nanjing Dingtong Electromechanical Automation Co., Ltd. (“Dingtong Electromechanical”), intend to acquire shares in Nanjing Eston Cool Technology Co., Ltd. (“Aston Cool”) through cash payment, with a total transaction amount of 487 million yuan. After the transaction is completed, the company will indirectly hold 100% of the shares of Aston Cool through its subsidiaries Eston Robotics and Dingtong Electromechanical, and Eston Cool will be included in the scope of the company's consolidated statements.

According to reports, Eston Cool's main business is the R&D, production and sales of collaborative robots, embedded intelligent robots and their core components. The main products are collaborative robots with a load of 3-35 kg and embedded intelligent robots and their core components. The downstream application fields mainly include automobiles, home appliances, 3C electronics, food logistics and other industries. This transaction is conducive to continuously improving the layout of the entire industry chain in terms of product matrix, industry landing, globalization strategy, technology research and development, market resources, etc., to build efficient industrial synergy effects, enhance the company's long-term comprehensive competitiveness, conform to the company's long-term development and strategic plans, and help reduce related transactions between the company and Aston Cool and avoid the risk of potential competition in the industry.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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