Samsung Electric announced on the evening of June 5 that the company intends to acquire 100% equity of its subsidiary Hangzhou Fengqiang Electric Technology Co., Ltd. and 30% equity of its shareholding subsidiary Ningbo Yinzhou Huijin Small Loan Co., Ltd., with cash of 263 million yuan and 5913.93 respectively. Ten thousand yuan was transferred to the controlling shareholder Oaks Group.
Samsung Electric said that the equity transfer is based on the strategic transformation of the company's key development of the medical industry. Hangzhou Fengqiang Investment Project has a long construction period and a large capital occupation, and it is difficult to produce benefits in the short term. In addition, the recent relaxation of the country’s monetary policy and increased market liquidity have led to a gradual decline in the profitability of Huijin Small Loan, which is still not possible in the short to medium term. , which has a negative impact on the company's profitability, etc., so the company decided to transfer the above equity.
Retractable Cable Reel,Portable Water Hose Reel,Retractable Water Hose Reel,Retractable Electrical Cable Reel
NINGBO QIKAI ENVIRONMENTAL TECHNOLOGY CO.,LTD , https://www.water-hose-reel.com