Qingdao Fengguang Precision to Acquire 51% Stake in Beijing Weishi Shenlan for 112 Million Yuan

Published: Jun 18, 2026 16:33

Save

[SMM Express] According to reports, Qingdao Fengguang Precision Machinery Co., Ltd. recently plans to acquire a 51% equity stake in Beijing Weishi Shenlan Technology Co., Ltd. for 112 million yuan in cash. Upon completion of the transaction, Fengguang Precision will gain control of Weishi Shenlan. This acquisition will promote deep synergy between both parties at the levels of technology, capacity and market, injecting new momentum into the high-quality development of Fengguang Precision.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Dual Rise in Raw Material Costs, Elevated Expenses, Aluminum Fluoride Price Stalemate Continues [SMM Fluoride Salt Weekly Review]

Common.Time.minsAgo

Common.Time.hoursAgo

Secondary Aluminum Market Supply-Demand Weakness Continues[Weekly Review of Aluminum Scrap and Secondary Aluminum]

[Weekly Review of Aluminum Scrap and Secondary Aluminum]Pre-Holiday Stockpiling Fell Through, Supply and Demand in Secondary Aluminum Market Both Remained Weak

Common.Time.hoursAgo

SMM Update: SHFE Casting Aluminum Alloy Inventory Drops by 2,170 Tons on June 18

[SMM Flash] SHFE data showed that on June 18, total registered cast aluminum alloy warrants amounted to 33,785 mt, a decrease of 2,170 mt from the previous trading day. Among them, the total registered in Shanghai was 2,956 mt, a decrease of 389 mt from the previous trading day; in Guangdong, 5,622 mt, a decrease of 483 mt; in Jiangsu, 7,775 mt, an increase of 0 mt; in Zhejiang, 11,211 mt, a decrease of 817 mt; in Chongqing, 5,376 mt, a decrease of 481 mt; in Sichuan, 845 mt, an increase of 0 mt.

Common.Time.hoursAgo