Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976) plans to acquire 100% equity of Qingdao changyunsheng with RMB 1.12 billion

Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976) announced that the company plans to acquire 100% equity of Qingdao changyunsheng Rail Transit Co., Ltd., with a transaction price of 1.12 billion yuan. Qingdao changyunsheng holds 49% equity of Shandong Jiatai. As of the announcement date, Shandong Jiatai is the holding subsidiary of the company. Its main business is various types of motor car seats. At present, it has a complete industrial chain of motor car seat design and development, production and manufacturing, product sales and so on. The completion of this acquisition will help the company fully merge the income and profit of Shandong Jiatai.