Suzhou Hycan Holdings Co., Ltd. (SZSE:002787) agreed to acquire 60% stake in Almighty Precision Components (Zhejiang) Co., Ltd. from Jikyo Manufacturing Co., Ltd. for CNY 15 million on October 16, 2023. Suzhou Hycan Holdings Co., Ltd. own funds are sufficient to pay the equity transfer fee of CNY 15 million. Almighty Precision Components (Zhejiang) Co., Ltd. reported total assets of 28.31 million and common equity of CNY 27.84 million on September 30, 2023.

The transaction does not need to be submitted to the company's board of directors and shareholders' meeting for review.