Henan Thinker Automatic Equipment Co.,Ltd. acquired remaining 2% stake in Henan Thinker Precision Electronic Equipment Co., Ltd. from Zhengzhou Thinker Precision Enterprise Management Center (Limited Partnership) for CNY 1 million.
October 26, 2021
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Henan Thinker Automatic Equipment Co.,Ltd. (SHSE:603508) agreed to acquire remaining 2% stake in Henan Thinker Precision Electronic Equipment Co., Ltd. from Zhengzhou Thinker Precision Enterprise Management Center (Limited Partnership) for CNY 1 million on October 26, 2021. Upon completion, Henan Thinker Precision will operate as wholly owned subsidiary of Henan Thinker Automatic. The transaction will be funded with Henan Thinker Automatics own funds. The unaudited total assets and net assets of Henan Thinker Precision as of September 30, 2021, were CNY 179.89 million and CNY 51.97 million, respectively. The audited total assets, net assets, operating income and net loss of Henan Thinker Precision, for the period ended December 31, 2020, were CNY 158.25 million, CNY 45.07 million, CNY 123.80 million and CNY 5.34 million, respectively. The transaction is within the approval authority of the Henan Thinker Automatics board of directors and does not need to be submitted to the shareholders meeting for deliberation.
Henan Thinker Automatic Equipment Co.,Ltd is a China-based company engaged in the research and development, upgrade, industrialization and technical support of train operation control system. The Company mainly provides train operation control system, driving safety monitoring system, LKJ security management and information systems, and other overall solutions. The Companyâs products include LKJ2000 equipment, 6A automotive audio and video display terminal and condition monitoring and diagnosis (CMD) system vehicle subsystem, among others.