Sieyuan Electric Co., Ltd. completed the acquisition of a 41.1985% stake in GMCC Electronic Technology Wuxi Co., Ltd from Wuxi Keling Kaipu Investment Partnership Enterprise (Limited Partnership) and Yiwu Huaxin Yuanjing Venture Capital Center (Limited Partnership).
March 02, 2023
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Sieyuan Electric Co., Ltd. (SZSE:002028) agreed to acquire 41.1985% stake in GMCC Electronic Technology Wuxi Co., Ltd from Wang Junhua, Sun Wei, Wu Qingrong, Zhou Weifeng, Qin Chuan, Wuxi Keling Kaipu Investment Partnership Enterprise (Limited Partnership) and Yiwu Huaxin Yuanjing Venture Capital Center (Limited Partnership) for CNY 618 million on December 28, 2022. Post acquisition, Sieyuan Electric Co., Ltd. will hold 51.2% stake in GMCC Electronic. The deal has been approved in the 28th meeting of the Sieyuan Electric's 7th Directorate.
Sieyuan Electric Co., Ltd. (SZSE:002028) completed the acquisition of a 41.1985% stake in GMCC Electronic Technology Wuxi Co., Ltd from Wuxi Keling Kaipu Investment Partnership Enterprise (Limited Partnership) and Yiwu Huaxin Yuanjing Venture Capital Center (Limited Partnership) on March 3, 2023.
Sieyuan Electric Co., Ltd. specializes in the development, manufacturing and marketing of energy transmission, distribution and surveillance equipment. The group's products include high voltage switches, captors, capacitors, power reactors, insulation equipment, power measuring devices, breakers, etc.
China accounts for 81% of net sales.
Sieyuan Electric Co., Ltd. completed the acquisition of a 41.1985% stake in GMCC Electronic Technology Wuxi Co., Ltd from Wuxi Keling Kaipu Investment Partnership Enterprise (Limited Partnership) and Yiwu Huaxin Yuanjing Venture Capital Center (Limited Partnership).
SIEYUAN ELECTRIC CO., LTD. 
