CHONGQING M&E (02722) proposes to purchase 100% equity of Chongqing Panlian Transmission Technology for 35.6212 million yuan.

CHONGQING M&E (02722) announced on February 27, 2025 that Machine Tool Group (a wholly-owned subsidiary of the company) and Asset Company (a wholly-owned subsidiary of the company's controlling shareholder) signed an equity transfer agreement. According to this agreement, Machine Tool Group agreed to acquire 100% equity of the target company (Chongqing Panlian Transmission Technology Co., Ltd.) held by Asset Company for a consideration of RMB 35,621,200. The target company is a joint-stock limited company registered in China in October 2016, with a registered capital of RMB 7 million. As of the date of this announcement, it is mainly engaged in the research and development, manufacturing, and other activities of gear and shaft components.