Tianrun Industrial: Plans to acquire 100% equity of Shandong Altai for 135 million yuan.

Published: Jul 25, 2025 10:07

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Tianrun Industry announced that the company plans to use its own funds of 135 million yuan to acquire 100% equity of Shandong Altai Auto Parts Co., Ltd. from Jiangsu Dongxi Engine Parts Co., Ltd., Altai Metal Co., Ltd., Dongxi Machinery Co., Ltd., and Han Huizhen. This transaction has been approved by the company's 22nd meeting of the 6th board of directors held on July 22, 2025. This transaction falls within the decision-making authority of the company's board of directors and does not need to be submitted for approval at the shareholders' meeting. The transaction involves risks related to asset valuation and fluctuations in the profitability of the acquired assets, and after the transaction is completed, the company may face integration risks post-acquisition.

Shandong Altai is a Korean-funded enterprise, providing components for Korean automotive manufacturers, producing high-pressure aluminum castings, with a full-chain production process and years of experience and rich technical reserves in the industry.

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