Dongbai Group (600693.SH) plans to acquire a 52.67% stake in photodetector chip company Kuailing Photonics for 316 million yuan.

Zhito Finance APP News: Dongbai Group (600693.SH) has announced that its wholly-owned subsidiary, Fujian Dongbai Chuangzhi Investment Co., Ltd. (hereinafter referred to as "Dongbai Chuangzhi"), intends to acquire 52.6667% equity interest in Hangzhou Kuailing Photoelectric Technology Co., Ltd. (hereinafter referred to as "Kuailing Photoelectric" or the "Target Company") held by relevant shareholders of the Target Company, with a provisional equity transfer consideration of RMB 316 million. Upon completion of this transaction, Kuailing Photoelectric and its wholly-owned subsidiary, Zhejiang Guangte Technology Co., Ltd. (hereinafter referred to as "Guangte Technology" or the "Target Company", collectively with Kuailing Photoelectric referred to as the "Target Group"), will be included in the Company's consolidated financial statements.