Moon Environment Technology to Acquire 45% Stake in Yantai Mingxiang, Gaining Indirect Control Over Sealing Technology Firm

Stock News05-08

Moon Environment Technology Co.,Ltd. (000811.SZ) announced its plan to acquire a 45% equity stake in Yantai Mingxiang Holding Co., Ltd. The acquisition involves purchasing a 30% stake from Yantai Guofeng Investment Holding Group Co., Ltd. and a 15% stake from Yantai Hehong Investment Co., Ltd. Yantai Mingxiang holds a 47.93% share in Yantai Ishikawa Sealing Technology Co.,Ltd. (301020.SZ), making it the controlling shareholder of the sealing technology company. The transaction will be funded using Moon Environment Technology's own capital. Upon completion, the company will gain control over Yantai Mingxiang, thereby indirectly controlling Yantai Ishikawa Sealing Technology Co.,Ltd. The move is expected to enhance business synergy between Moon Environment Technology and the sealing technology firm, helping to improve industrial layout, expand asset scale, and strengthen the sustainable profitability and risk resistance of both companies. This acquisition aims to maximize overall value and shareholder returns.

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