On August 9th, Gelunhui reported that Victory Giant Technology (300476.SZ) plans to acquire 100% of the shares of APCB Electronics (Thailand) Co., Ltd. (referred to as "APCB" or the "target company") held by APCB Capital Limited, RED NOBLE LIMITED, and SMARTEXPLORER LIMITED in cash through its wholly-owned subsidiary VICTORY GIANT TECHNOLOGY (SINGAPORE) PTE. LTD. (referred to as "Singapore Victory Giant") and Pole Star Limited (referred to as "PSL"). The total acquisition price shall not exceed 0.2787 billion yuan, and the final transaction amount shall be determined according to the agreement in the transaction document. After the completion of this transaction, the target company will be included in the company's consolidated financial statements.
After the delivery of this transaction, the company will increase its capital to the target company by 500 million yuan through Singapore Victory Giant and PSL to support the target company's production and operation.
