DXTL Plans To Acquire A 51% Stake in Anhui HANPUSI for 152 Million Yuan

September 17, DXTL announced that the company intends to use its own funds 152 million yuan to buy 51% equity of Anhui Hanpusi Precision Transmission Co., Ltd (hereinafter referred to as “Anhui HANPUSI”) .

According to the announcement, Anhui HANPUSI's business is mainly the research and development, production and sales of precision planetary reducers and gearmotors. As of August 2024, Anhui HANPUSI has 3 subsidiaries, which are categorized into two business segments according to downstream applications: photovoltaic industry and precision industrial control industry.

The acquisition will help the company further expand its business, meet the company's own strategic development needs, improve the competitiveness of the company's precision manufacturing business and enrich the company's product line.