On December 13, Gelonghui reported that Zhengzhou Coal Mining Machinery Group announced that on December 13, 2024, the company will hold the tenth meeting of the sixth Board of Directors and the ninth meeting of the sixth Supervisory Board, where it reviewed and approved the proposal regarding the acquisition of a portion of the equity of the controlling subsidiary, Yaxin Technology (Nanjing) Co., Ltd., and related transactions. The company agreed to use its own funds amounting to 698,985,650.96 yuan (including tax) to acquire a total of 16.6081% equity in Yaxin Technology Nanjing held by other shareholders (corresponding to a registered capital of 238,989,107 yuan). After the completion of this Trade, the company's equity stake in Yaxin Technology Nanjing will increase from 83.3919% to 100%.
Based on the assessment value of all shareholders' equity of Yaxin Technology Nanjing as of June 30, 2024, and considering the impact of profit distribution, the valuation of this transaction for Yaxin Technology Nanjing was determined through negotiation among the parties involved in the transaction to be 4,208.697 million yuan.
