Gem Co.,Ltd. (002340.SZ) announced that it has signed an Equity Transfer Agreement with Henan Investment Group Co., Ltd. The company will acquire a 16.38% stake in Henan Circular Technology Industry Group Co., Ltd. (Henan Circular Group), a wholly-owned subsidiary of Henan Investment Group, for RMB 400 million. The acquisition is part of the company's strategic expansion in the circular economy sector.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments