Ruili Kemi to Acquire 100% Control of Wuhan Ruili Kedesi, Issuing Shares for Remaining 16% Stake

Published: Jun 5, 2026 17:44

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[SMM Flash] According to reports, on June 1, Ruili Kemi plans to issue shares to acquire a 16% equity stake in Wuhan Ruili Kedesi Automotive Electronics Co., Ltd. held by Cheng Yi. Prior to this transaction, the company already held an 84% stake in the target company and consolidated it into its consolidated financial statements. After the transaction is completed, the company will achieve 100% control of the target company, which will help further deepen strategic synergy and business integration.

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