Luxshare Precision to acquire Wingtech subsidiaries' equity and assets

Luxshare Precision Industry (SZSE:002475) announced its intent to acquire equity and assets from Wingtech Technology related to its consumer electronics system integration business. The deal involves the acquisition of equity in several Wingtech subsidiaries, including Wingtech (Shenzhen) Co., Ltd., and assets mainly from Wuxi Wingtech, Wuxi Wentai, and India Wentai. The transaction's pricing will be based on the book value of net assets as of December 31, 2024, plus a debt-to-equity conversion amount. Luxshare, through its subsidiary Luxshare Communication (Shanghai) Co., Ltd., had previously acquired other Wingtech subsidiaries in January 2025 for RMB 616 million. This subsequent acquisition, subject to shareholder approval, aims to enhance Luxshare’s core competitiveness, product mix, and customer base in the consumer electronics sector.