buffalorisingmegaways| ST Aikang: The wholly-owned subsidiary signed an equity cooperation agreement with Nankang Construction and Development

2024-05-15

buffalorisingmegaways| ST Aikang: The wholly-owned subsidiary signed an equity cooperation agreement with Nankang Construction and Development

ST Aikang (002610) announced in the evening of May 15buffalorisingmegawaysIn order to further optimize the debt structure of Ganzhou Aikang Optoelectronics, the company's wholly-owned subsidiary Suzhou Aikang Optoelectronics and its wholly-owned subsidiary Ganzhou Aikang Optoelectronics signed the "Equity Cooperation Agreement" with Ganzhou City Nankang District Urban Construction and Development Group Co., Ltd.(referred to as "Nankang Construction Development") on May 14, and all parties established a strategic cooperation relationship. All parties agree that Nankang Construction and Development or its designated entity plans to contribute no more than 3buffalorisingmegaways.500 million yuan to increase capital from Ganzhou Aikang Optoelectronics or transfer equity in Ganzhou Aikang Optoelectronics. After the completion of this transaction, Nankang Construction and Development will account for no less than 51% of Ganzhou Aikang Optoelectronics.