Summary by Moomoo AI
Shinli International Limited announces that after the trading period of April 3, 2024, its indirect non-wholly-owned subsidiary, Shinli Optoelectronics Co., Ltd. has entered into an equity transfer agreement with Renshou Ji'an No.1 Limited for the further acquisition of Shinli (Shouren) High-End Display Technology Co., Ltd. (Shinli Shou Yan). 55% stake, with a total transaction price of RMB 1,097,460,000. The transaction will increase Shinli International's shareholding ratio to Shinli Renshou. Upon completion, Shinli Optoelectronics will hold approximately 29.69% of Shinli Renlife and Shinli Renshou will continue as a subsidiary of Shinli International. The acquisition, calculated in accordance with Section 14.22 of the Listing Rules, constitutes a major transaction for Shinli International subject to the relevant declarations, announcements and shareholder approvals. The notice of the Extraordinary General Meeting is expected to be sent to shareholders on or before 25 April 2024.