Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) agreed to purchase 29.5% stake in Zhuzhou Hongda Inertial Tech Co., Ltd. from Zhang Guixuan for CNY 7.1 million on October 8, 2021. After, the company’s stake in the target will increase from 51% to 80.5%. Zhuzhou Hongda Inertial reported total assets of CNY 27 million and total common assets of CNY 16.4 million till June 30, 2021.