Shanghai Electric Group (HKG:2727, SHA:601727) plans to acquire a 50% stake in industrial robot maker Shanghai Fanuc International Trading, a joint venture of its parent and Japanese robot company Fanuc, for 3.08 billion yuan, according to a Hong Kong Stock Exchange filing on Oct. 18.
The Chinese power generation and electrical equipment manufacturer will buy the stake in Shanghai Fanuc through its subsidiary Shanghai Electric Automation Group after taking over Shanghai Ningsheng Industrial, which is held by the company's controlling shareholder, Shanghai Electric Holding Group.
Currently, Fanuc and Ningsheng Industrial each hold 25% of Shanghai Fanuc, while the remaining 50% is owned by Fanuc's subsidiary, Shanghai Fanuc Robots.
The acquisition will add the industries of lithium battery, photovoltaic, aviation and automobile manufacturing to the group's business portfolio, the filing said.
The company's Shanghai shares soared over 10% while its Hong Kong shares rose more than 1% in recent trade.
Price (HKD): $2.40, Change: $+0.030, Percent Change: +1.27%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。