Vohringer Home Technology (603226.SH) plans to acquire a 51% stake in Keres for 214 million yuan.

Vohringer Home Technology (603226.SH) announced that the company plans to purchase, in cash, from Qin Zaocai and Yang Zhenyu their 51% equity interest in Nanjing Keres Automation Technology Co., Ltd. ("Keres"), with the transaction consideration tentatively set at RMB 214 million. Upon completion of this transaction, the company will obtain control of Keres. The company is primarily engaged in the R&D, design, production, and sales of wooden flooring, whole-house custom home furnishings, doors, and wood veneers. In recent years, the domestic wooden flooring industry has faced an overall growth bottleneck due to multiple factors, including the deep adjustment of the real estate market and macroeconomic changes. The company is actively pursuing transformation and seeking new development opportunities. The target company is primarily engaged in the R&D, production, and sales of automation equipment for the PCB (printed circuit board) lamination process. This transaction is a measure taken by the company to protect shareholder interests and enhance the listed company's sustainable operating capacity and quality. Upon completion of this transaction, it will, to a certain extent, improve the listed company's operating conditions and enhance its profitability, diversify operating risks, and realize a strategic layout of moderate diversification of the listed company's main business.