Core Viewpoint - The company, Xinshi Electric Vehicle New Materials (06128), is acquiring a 40% stake in Chuangchi from shareholder Yan Bo for HKD 1.5 million, which will enhance its position in the growing electric vehicle and battery sectors [1] Group 1: Acquisition Details - The acquisition agreement was signed on February 3, 2026, and is expected to be completed within 14 days [1] - Upon completion, the ownership structure of Chuangchi will be 58% by Allied Apex, 21% by Yan Bo, and 21% by Wang Sheng [1] - Chuangchi will become an indirect non-wholly owned subsidiary of the company, allowing for consolidation in the financial statements [1] Group 2: Strategic Implications - The investment in Chuangchi is viewed as a strategic opportunity for the company to establish a business presence in the high-growth electric vehicle and related battery industries [1] - The board believes that the agreement and acquisition price were negotiated fairly and align with normal commercial terms [1] - Increasing the stake in Chuangchi is expected to strengthen the company's position in the electric vehicle market, benefiting both the company and its shareholders [1]
烯石电车新材料(06128)附属拟150万港元收购创驰40%股权 布局电动车及相关下游电池业务