SDIC Zhonglu (600962.SH) plans to buy 100% of the shares of the Electronics Institute at a transaction price of 6.026 billion yuan

Zhitong Finance App News, SDIC Zhonglu (600962.SH) announced that the company plans to purchase 100% of the shares of China Electronic Engineering Design Institute Co., Ltd. (“Electronics Institute” for short) held by China Development and Investment Group Co., Ltd., Dafeng Phase II, etc. through the issuance of shares. Of these, Dacheng Phase II holds 12.73% of the shares of the Electronics Institute. The transaction price is $6.026 billion, and it is planned to issue shares to no more than 35 eligible specific investors to raise no more than $1,726 billion in supporting capital.

The Electronics Institute is a leading enterprise in the field of electronic engineering in China and a comprehensive service provider for the industrialization of advanced electronics manufacturing, and a high-quality asset for the electronic information industry sector of the China Investment Group. Through this restructuring, high-quality assets from the China Investment Group's electronic information industry sector are injected into listed companies, helping to increase the company's asset size and profitability.