Xiangshan Holdings (002870.SZ) plans to acquire 100% equity of Wuluo Smart, adding AI computing equipment business.

Zhitong Finance APP News, Xiangshan Co., Ltd. (002870.SZ) announced that the company plans to issue shares and pay cash to Ningbo Genxi, Zhejiang Qintong, Zhiyan Xinhe, Wenzhou Qunhong, Ruisheng Intelligent, and Wang Ling to acquire 100% equity of Zhejiang Wuluo Smart City Technology Co., Ltd. held by them in total, and raise matching funds. The total transaction consideration is tentatively set at RMB 800 million. The company's shares will resume trading at market opening on September 15, 2026.