WUS Printed Circuit subsidiary buys production facility from connected party
WUS Printed Circuit's wholly-owned subsidiary, WUS Printed Circuit Kunshan, will acquire production facilities, including buildings totaling 47,231.43 m² and land use rights of 26,800.00 m², from Kunshan Xinchuang Electronics Co., Ltd. for up to CNY 95 million. This acquisition, approved by the board on November 11, 2025, aims to meet WUS Printed Circuit Kunshan's operational and long-term development needs, optimizing its factory layout.
Kunshan Xinchuang Electronics Co., Ltd., a wholly-owned subsidiary of WUS Printed Circuit's 100% shareholder, is considered a connected party. The transaction will involve WUS Printed Circuit Kunshan leasing back part of the facility to Kunshan Xinchuang Electronics Co., Ltd. for ten years at a rent covering depreciation, amortization, and taxes.
As of November 12, 2025, WUS Printed Circuit and its connected parties, including WUS Printed Circuit (Holdings) Co., Ltd. and its subsidiaries, have engaged in various connected transactions totaling CNY 6,838.47 million for the year. This includes procurement, sales, and rental agreements, with an estimated total for 2025 reaching CNY 7,370.00 million.
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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