【SMM Aluminum Flash News】Ruixin Technology: Plans to acquire 51% stake in Deheng Equipment

Published: Feb 27, 2026 09:47

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Ruixin Technology announced that it plans to acquire a 51% stake in Wuhu Deheng Automotive Equipment Co., Ltd. (hereinafter referred to as "Deheng Equipment") from 10 counterparties, including Tong Xiaoping and Zhang Yapeng, through a combination of share issuance and cash payment. Simultaneously, it will raise supporting funds by issuing shares to no more than 35 qualified specific targets, including Kaitou Lingdun. Upon completion of the transaction, Deheng Equipment will become a controlling subsidiary of Ruixin Technology. As of now, the audit and valuation of the target company have not been completed, and the asset valuation and transaction price have not yet been determined. This transaction is expected to constitute a major asset restructuring.

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