Sine Electric to acquire Tenghe Precision Motor for 42.56 million yuan

Shenzhen Sine Electric Co., Ltd. announced plans to acquire 100% of Tenghe Precision Motor (Suzhou) Co., Ltd. for 42.56 million yuan, and invest an additional 12 million yuan to upgrade its production. The acquisition is part of a change in the company's fundraising project.

“The company intends to use the raised funds to acquire 100% equity of Tenghe Precision Motor (Suzhou) Co., Ltd. and upgrade its production.”finance.sina.com.cn

• 1 source
• finance.sina.com.cn深圳市正弦电气股份有限公司关于变更部分募投项目暨收购腾禾精密电机（苏州）有限公司100%股权并对其生产升级改造的公告_新浪财经_新浪网Oct 7, 2024

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