Shanghai Longcheer to buy 60% of KC Precision, Geeia Metal for RMB 540 million

Reuters03-30

<a href="https://laohu8.com/S/603341">Shanghai Longcheer</a> to buy 60% of KC Precision, Geeia Metal for RMB 540 million

Shanghai Longcheer agreed to buy 60% stakes in KC Precision and Geeia Metal for RMB 540 million.
Deal signed March 30, 2026, buying 20% in each target from Wu Yutao, Xiong Dao’an, Suzhou Anjie Capital.
Consideration set at RMB 180 million per seller, paid in two tranches of RMB 100 million then RMB 80 million.
Transaction implies total equity value of about RMB 930 million for both targets as of Dec. 31, 2025, based on a third-party valuation.
Longcheer expects the acquisition to add metal etching and VC heat-spreader capabilities to support its smart-device ODM manufacturing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Longcheer Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260330-12080251), on March 30, 2026, and is solely responsible for the information contained therein.

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