Suzhou Dongshan Precision finalizes GMD group acquisition, debt restructuring

Suzhou Dongshan Precision Manufacturing Co., Ltd. announced the successful completion of its acquisition of 100% equity in GMD Group and the related debt restructuring. The transaction, valued at approximately €100 million, saw the company's subsidiary, DSBJ PTE. LTD, acquire the French entity. All prerequisite conditions have been met, and the transaction documents signed and settled.

As a result of the acquisition, GMD Group officially became a wholly-owned subsidiary of Suzhou Dongshan Precision Manufacturing as of the settlement date. It will be incorporated into the company's consolidated financial statements starting from November 1, 2025, in accordance with "Enterprise Accounting Standards."

The company stated that the debt restructuring benefits from this transaction did not exceed 50% of its most recently audited net profit. Consequently, the transaction did not require approval from a general shareholders' meeting.