Vico Technology: Plans to acquire a 70% stake in Xicheng Technology. Xicheng Technology mainly specializes in automotive electronic and electrical components.

2026-04-09 09:16:17

Abstract generation in progress

People’s Finance News, April 7—On April 7, Weike Technology (301196) announced that the company plans to acquire 70% of the equity interests of Fuzhou Xicheng Technology Co., Ltd. (hereinafter referred to as “Xicheng Technology”) through capital increase and acquisition at a price of RMB 6.0911 per share. The total investment for this transaction is RMB 221 million, of which RMB 94.50 million will be used to obtain 15.514286 million newly issued shares of Xicheng Technology through a capital increase; the remaining RMB 126 million will be used to obtain 20.685714 million shares of Xicheng Technology through an acquisition. After the completion of this acquisition, the company will hold 70% of the equity interests of Xicheng Technology. Xicheng Technology and its wholly owned subsidiaries (Ningde Danno Xicheng Technology Co., Ltd. and Xiamen Xicheng Electronic Technology Co., Ltd.) will become the company’s controlling subsidiaries. Xicheng Technology’s main business is automotive electronic electrical component parts, and its customer areas mainly involve the automotive sector.

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