Wison Engineering Announces Major Equity Acquisition

Wison Engineering Services Co., Ltd. (HK:2236) has released an update.

Wison Engineering Services Co. Ltd. has announced a significant move in acquiring a 35% equity interest in Levima Wison (Jiangsu) Advanced Materials Co. Ltd. for RMB 255 million in cash. This major and connected transaction involves entities related to Wison’s controlling shareholder and is subject to approval by independent shareholders. An Independent Board Committee, along with an Independent Financial Adviser, will assess the deal’s fairness and advise shareholders accordingly.

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