Tianyu Co., Ltd.: Plans to acquire 87.8173% equity of Shanghai Xingke for 334 million yuan

2026-04-03 13:47:06

Tianyu Co., Ltd. announced that the company plans to pay RMB 334 million in cash to acquire 87.8173% of the equity interest in Shanghai Xingke. One of the counterparties in this transaction, Mr. Tu Yongjun, is the company’s controlling shareholder, which constitutes a related-party transaction. This transaction does not constitute a major asset reorganization, nor does it constitute a reorganization for listing. The transaction funds are sourced from the company’s own funds and supplemented by methods such as raising funds through bank acquisition loans. After the transaction is completed, Shanghai Xingke will become a controlling subsidiary of the company.

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