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Sanwei Security plans to acquire a 13.71548% stake in Jiangnan Keyou for approximately 37.937 million yuan.
Sanwei Xin’an announcement: The company plans to use its own funds of 37.937 million yuan to acquire a total of 4.2518 million shares held by the former shareholders of its controlling subsidiary, Jiangnan Keyou—Chenglianxin, Jinshujiang, Cenchuan, Yeshengyuan, and Han Jing—accounting for 13.71548% of Jiangnan Keyou’s total share capital. After this transaction is completed, Jiangnan Keyou will become the company’s wholly owned subsidiary.