Core Viewpoint - Meixin Yishen announced the decision to exit its investment in Elong Technologies LLC, which was established for the production of stamped parts, by transferring its 33% stake back to the company for approximately $1.9746 million [1] Group 1: Company Actions - On August 3, 2023, Meixin Yishen held its 13th meeting of the third board of directors, where it approved the proposal to jointly invest in establishing a U.S. subsidiary [1] - The company, along with Suzhou Yitelong Technology Co., Ltd., Winco Investment Holding Inc., and Mexus Precision LLC, formed Elong Technologies LLC, with Meixin Yishen holding a 33% stake [1] - The company plans to exit its investment in Elong Technologies LLC through a buyback of its shares, resulting in a 0% ownership stake post-transaction [1] Group 2: Financial Details - The stake transfer to Elong Technologies LLC will occur for a consideration of approximately $1.9746 million [1]
美心翼申（920833）：公司拟退出ElongTechnologiesLLC投资