Meig Smart Technology's Shanghai Subsidiary to Acquire Office Building for R&D Expansion via Equity Purchase

Stock News05-28

Meig Smart Technology Co.,Ltd. (002881.SZ) has announced that its wholly-owned subsidiary, Zhongge Intelligent Technology (Shanghai) Co., Ltd., plans to acquire 100% equity in Huixin Property Management (Shanghai) Co., Ltd. for a total transaction price not exceeding 285 million yuan. Through this equity acquisition, the company will obtain ownership of an office building covering 15,369.58 square meters currently under Huixin Property's name.

Zhongge Intelligent Technology, the company's wholly-owned subsidiary based in Shanghai, serves as the core hub for the group's research and development resources. The company intends to further increase its investment in R&D through this subsidiary, necessitating the expansion and upgrade of its existing research and office facilities. The office building targeted for acquisition is located within the same industrial park as Zhongge Intelligent Technology's current premises, which is expected to facilitate rapid resource integration and help reduce associated costs.

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