Gelonghui 14 May, Shanghai Mechatronics (600835) (600835)Gameslotmegaways.sh) announcementGameslotmegawaysShanghai Electric Group Co., Ltd. (referred to as "Shanghai Electric"), Shanghai Electric Hong Kong Co., Ltd. (referred to as "Electric Hong Kong"), Shanghai Electric Group Hong Kong Co., Ltd. (referred to as "Electric Group Hong Kong"). 100% stake in Shanghai Jiyou Mingyu Machinery Technology Co., Ltd. (referred to as "Shanghai Jiyou" and "the target company"). The 100% equity of Shanghai Jiyou is valued at RMB 531.Gameslotmegaways, 8.4 million yuanGameslotmegawaysFinally, the evaluation confirmed by the competent department of state-owned assets shall prevail.
Shanghai Electric is the controlling shareholder, Electric Hong Kong is a wholly-owned subsidiary of Shanghai Electric, and Electric Group Hong Kong is a wholly-owned subsidiary of Shanghai Electric Holdings Group Co., Ltd., this transaction constitutes a related party transaction in accordance with the rules governing the listing of shares on the Shanghai Stock Exchange. Shanghai Jiyou is mainly engaged in the R & D, production and sales of industrial basic parts and key components such as industrial fasteners, automotive fasteners, tools, blades and bearings.
