Zhen Ding’s subsidiary Avary Holding acquires Huayang to strengthen strategic deployment in AI intelligent driving and in-vehicle terminal systems
To strengthen its strategic deployment in AI intelligent driving and in-vehicle terminal systems, Zhen Ding Tech. Group (Stock Code: 4958) announced today (October 30th ) that its subsidiary, Avary Holding (Shenzhen) Co., Ltd., has declared the cash acquisition of Wuxi Huayang Science And Technology Co., Ltd.
Avary Holding plans to pay RMB 356.724164 million in cash to acquire 53.68% of Huayang’s equity. Upon completion, Huayang will become a consolidated subsidiary of Avary Holding.
