FilingReader Intelligence

Xiangtan Electric acquires 12.5% stake for 208m yuan

July 28, 2025 at 10:52 AM UTCBy FilingReader AI

Xiangtan Electric Manufacturing acquired 12.5% of Tongda Electromagnetic Energy for 208m yuan from its controlling shareholder.

The purchase price represents a 60% premium to book value, valuing the target company at 1.66bn yuan total equity.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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