Se propone adquirir el control de Botai Intelligent Control, y Ruileng Technology suspenderá operaciones a partir del 26 de marzo.

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Beijing Business News (Reporter Wang Manlei) On the evening of March 25, Ruineng Technology (603933) disclosed an announcement stating that the company is planning to acquire control of Botai Intelligent Equipment (Guangdong) Co., Ltd. (hereinafter referred to as “Botai Intelligent”) through a combination of issuing A-share shares and cash payments, and to raise matching funds. The company’s stock will be suspended from trading starting March 26. The suspension is expected to last no more than 10 trading days.

The announcement indicates that Ruineng Technology intends to purchase no more than 75% of the equity of the target company through a combination of issuing shares and cash payments to obtain control of the target company. According to preliminary estimates, this transaction is not expected to constitute a major asset restructuring as defined by the “Management Measures for Major Asset Restructuring of Listed Companies.” This transaction will not result in a change of control of the company. In addition, the audit assessment of the target company has not yet been determined, and the valuation of this transaction has not yet been established.

Botai Intelligent’s official website shows that the company focuses on the research and development, production, and sales of precision drive control positioning products.

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