Zhitong Finance App News, Yifei Laser (688646.SH) announced that the company plans to acquire 100% of the total shares of Shenzhen Xingqihang Automation Equipment Co., Ltd. (“Xing Qihang”) held by 4 counterparties including Ren Xuedong in cash at a transaction price of 400 million yuan. After the transaction is completed, Xing Qihang will become a wholly-owned subsidiary of the company and will be included in the scope of the company's consolidated statements.

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.