Xinjinlu acquires 53.55% stake in Tianbing Technology for $41.5M

Xinjinlu, a chlor-alkali chemical company, agreed to acquire a 53.55% stake in Anhui Tianbing Electronic Technology Co., Ltd. for RMB 300.25 million (approx. $41.5 million), expanding into military electronics.

“天兵科技技术实力雄厚，相关军工资质齐备，通过此次交易，公司将置入盈利能力较强的优质资产，主营业务将拓展至军工电子新领域”zqrb.cn

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• zqrb.cn新金路拟斥资超3亿元收购天兵科技53.55%股权 布局军工电子领域-证券日报网Jun 26, 2023

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