FilingReader Intelligence
Konfoong subsidiary buys equipment in RMB 2.33bn deal
August 1, 2025 at 10:29 AM UTC•By FilingReader AI
Konfoong Materials' controlled subsidiary, Shenyang Ruijing Precision Technology, is purchasing 97 machine tools from related party Shenyang Jiangfeng Tongchuang Precision Manufacturing for RMB 2.33 billion.
The transaction is structured as a financing lease to expand business operations and increase production capacity for semiconductor components. The deal awaits shareholder approval.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SZSE:300666•Shenzhen Stock Exchange
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