Summary by Moomoo AI
NWS Holdings Limited announced on July 22, 2024 that its indirect wholly-owned subsidiary (the purchaser) has signed a conditional agreement to acquire all the issued share capital of Xin Chang Yashi Da Building Equipment Co., Ltd. (the target company), as well as related loans for sale, from the sellers and the seller's guarantor. The target company is a leading comprehensive electromechanical engineering services contractor that is highly complementary to NWS Holdings' construction business. This acquisition will allow NWS Holdings to provide a more comprehensive one-stop solution and enhance its competitiveness in the construction industry. After the completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of NWS Holdings and its performance will be included...Show More