Foshan Lighting (000541) announced on the evening of December 24 that it plans to spend RMB 1,994,500 to acquire a 25% stake in Zensheng Electronic Ballast Co., Ltd. held by natural person shareholder Ma Hengyu.
After the completion of this equity acquisition, Chansheng will become a wholly-owned subsidiary of Foshan Lighting. Located in Chancheng District, Foshan City, Chansheng Company manufactures and operates electronic ballasts, electronic transformers and electronic triggers.
Foshan Lighting said that the acquisition of 25% equity of Zensheng will help to further integrate the company's resources, enhance the company's management and control capabilities for subsidiaries, reduce management costs and enhance the company's profitability.
After the completion of this equity acquisition, Chansheng will become a wholly-owned subsidiary of Foshan Lighting. Located in Chancheng District, Foshan City, Chansheng Company manufactures and operates electronic ballasts, electronic transformers and electronic triggers.
Foshan Lighting said that the acquisition of 25% equity of Zensheng will help to further integrate the company's resources, enhance the company's management and control capabilities for subsidiaries, reduce management costs and enhance the company's profitability.
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