According to Zhitong Finance App News, Chongqing Electromechanical (02722.HK) announced that on October 12, 2026, the company signed an equity transfer agreement with Silian Group (a wholly-owned subsidiary of the company's controlling shareholder). According to this, the company agreed to transfer and transfer 51% of the shares held by the company in the target company (Chongqing Cafu Automobile Brake and Steering Systems Co., Ltd., a wholly-owned subsidiary of the company), at a sale price of RMB 897.916 million.

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