EFORT Intelligent Equipment Co., Ltd. (SHSE:688165) agreed to acquire and additional 9% stake in Robox Spa from Marzio Montorsi and Lea Montorsi for 2 million on March 11, 2022. Both Marzio Montorsi and Lea Montorsi will sell 4.5% stakes from their holdings of 30.99% and 29.01% respectively. Post completion, EFORT will hold 49% stake in Robox Spa.
On September 30, 2021, Robox Spa reported Total Assets of 9.762 million and Net Assets of 4.491 million. The transaction is subject to approval from EFORT's shareholders and has been approved by the board of EFORT.