Sichuan Jiuzhou Electric (000801.SZ) intends to acquire the assets of the RF business group for 757 million yuan.

Sichuan Jiuzhou Electric (000801.SZ) announced that it plans to establish a wholly-owned subsidiary to purchase assets, liabilities, business, and personnel related to the radio frequency business of Sichuan Jiuzhou Electric Appliance Group Co., Ltd. for a transaction amount of 757 million yuan. This transaction will involve injecting complementary and synergistic radio frequency business assets into the company, using market-oriented means to optimize and adjust the industrial layout, and promoting the efficient allocation of state-owned assets.