公告称，公司致力于成为全球一流汽车电驱零部件及系统集成商，商用车电驱业务的并购，有利于加速实现公司汽车电驱产业的规划目标，持续做大做强新能源汽车电驱产业板块，实现公司电驱产业规模的持续增长和地位的稳步提升。TIMES ELECTRIC (03898) rose over 3% before noon, as of the time of publication, it was up 3.1%, priced at HKD 31.6, with a transaction volume of 85.6819 million HKD.
According to Zhitong Finance APP, TIMES ELECTRIC (03898) rose over 3% before noon, as of the time of publication, it was up 3.1%, priced at HKD 31.6, with a transaction volume of 85.6819 million HKD.
In terms of news, TIMES ELECTRIC announced that on December 13, 2024, the company signed an Equity Transfer agreement with CRRC Zhuzhou Electric Co., Xiangyang CRRC Electric Machine, CRRC Electric and CRRC Commercial Vehicle Power. According to the Equity Transfer agreement, the company agrees to acquire and the transferor agrees to sell 100% of the equity held in CRRC Commercial Vehicle Power, with a total consideration of approximately RMB 0.107 billion. Upon completion of the equity transfer, the company will directly hold 100% equity of CRRC Commercial Vehicle Power, which will become a wholly-owned subsidiary of the company, and the financial performance of CRRC Commercial Vehicle Power will be consolidated into the group's financial statements.
The announcement stated that the company is committed to becoming a Global leading integrated supplier of Electric drive components and systems, and the acquisition of the electric drive business in the Commercial Vehicle sector will help accelerate the achievement of the company's planning goals in the electric drive industry for Autos, continuously strengthening the New energy Fund sector, and ensuring the sustained growth and steady enhancement of the company's electric drive industry's scale.
