# Wangbian Electric to acquire 79.97% stake in Yunnan Transformer Electric

Wangbian Electric announced it signed an agreement to acquire a combined 79.97% stake in Yunnan Transformer Electric Co., Ltd. through a public listing process, aiming to enhance its transformer production capabilities.

- Type: Acquisition
- Announced: 2023-11-22
- Where: China
- Status: announced
- Products: power transformers, traction transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Yunnan Transformer Electric Co., Ltd.](https://endata.com/companies/51619.md) (target)
- [Wangbian Electric](https://endata.com/companies/64260.md) (acquirer)
- [Shanghai Changwei Fund](https://endata.com/companies/73956.md) (partner)
- [Southern Asset Management](https://endata.com/companies/73957.md) (partner)

## Sources

- [company.cnstock.com](https://company.cnstock.com/company/scp_gsxw/202311/5154233.htm), 2023-11-22: "望变电气公告，公司与上海长威基金及南方资产于2023年11月22日签署《云南变压器电气股份有限公司股份意向收购协议》，拟通过产权交易所挂牌方式收购其分别持有的云南变压器电气股份有限公司54.97%股份及25%股份。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.