Newway Group (603699.SH) is planning to acquire a 40% stake in its subsidiary Dongwu Machinery for 139 million yuan.

Wisdom Finance APP News: Neway Shares (603699.SH) announced that the company plans to use its own funds of 139 million yuan to acquire 40% equity of its holding subsidiary, Wujiang East Wu Machinery Co., Ltd. (referred to as "East Wu Machinery"). After the completion of this transaction, the company will hold 100.00% equity of East Wu Machinery.