Xiling Power to acquire 74.5% of Xinsanhe for $24M to boost aerospace business

Xiling Power Technology announced it will acquire 74.50% equity of Chengdu Xinsanhe Electromechanical Technology Development Co., Ltd. for 156 million yuan ($24 million). Xinsanhe focuses on aerospace manufacturing, and the acquisition aims to accelerate Xiling Power's aerospace business strategy.

“本次交易是贯彻公司推进航空业务发展战略的需要，本次交易完成后，将有利于加快公司在航空领域的布局。”zhitongcaijing.com

• 1 source
• zhitongcaijing.com西菱动力(300733.SZ)拟收购鑫三合74.50%股权以促进航空业务发展Feb 25, 2021

Summarized from public sources; check the original articles before acting on it.