Hangcha subsidiary plans major acquisition of robot firm

Hangcha Group Co., Ltd. announced that its subsidiary, Zhejiang Hangcha Intelligent Technology Co., Ltd., plans to acquire 99.23% of Zhejiang Guozi Robot Technology Co., Ltd. through a capital increase and share expansion. The acquisition will be funded by existing shareholders, including Kunxia Investment and Juxing Technology. Following the completion of the transaction, Hangcha Intelligent's shareholding will be reduced from 81% to 44.28%, remaining Hangcha Intelligent's controlling shareholder. The transaction is valued at approximately CNY 39.81 million based on the assessed value of Zhejiang Guozi Robot Technology, and the assessed value of Zhejiang Hangcha Intelligent Technology Co., Ltd is CNY 48 million as of March 31, 2025. The acquisition is expected to enhance Hangcha Group's smart logistics capabilities and overall competitiveness.