Wandes(688178.SH): Wandes Green Materials plans to purchase a 68% stake in Anhui Jiaqia for 11.5 million yuan

NightAirdropper · 2026-03-03T20:33:36+00:00

Wandes (688178.SH) plans to acquire 68% equity stakes in Anhui Jiaqing and Wuhu Minghao through its subsidiary Wandes Green Materials, with purchase prices of 11.5 million yuan and 20.45 million yuan respectively. After the transactions are completed, the two companies will become controlling subsidiaries and be included in the consolidated financial statements.

NightAirdropper

2026-03-03 20:33:36

Abstract generation in progress

Gelonghui, March 2 — Wandes (688178.SH) announced that its subsidiary, Wandes Green Materials, plans to purchase a 68% stake in Anhui Jiaqing Energy Technology Co., Ltd. (hereinafter referred to as “Anhui Jiaqing”) from Wuhu Chery Resources Technology Co., Ltd., for 11.5 million yuan; Wandes Green Materials also plans to acquire a 68% stake in Wuhu Minghao New Materials Co., Ltd. (hereinafter referred to as “Wuhu Minghao”) from Anhui Jaxin Recycled Resources Co., Ltd., for 20.45 million yuan. After the transaction is completed, Wandes Green Materials will hold 68% of Anhui Jiaqing and 68% of Wuhu Minghao. Anhui Jiaqing and Wuhu Minghao will become the company’s controlling subsidiaries and will be included in the company’s consolidated financial statements.

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