According to Zhitong Finance App, Guangdong Hongyuan A (000573.SZ) announced that in order to promote the transformation and upgrading of the company's business, cultivate new momentum for the company's development, and establish a second growth curve, the company plans to use cash payments to acquire 100% of the shares of Shenzhen Jinwangda Electromechanical Co., Ltd. (hereinafter referred to as “Jinwangda”) held by Xu Zhaowang and Anyi Pioneers Enterprise Management Partnership (limited partnership). It is proposed that the transaction price of the underlying shares shall not exceed 550 million yuan.

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