Zhitong Finance App News, Tongfeng Electronics (600237.SH) issued an announcement. In order to meet the company's overall strategic development needs, the company plans to use its own funds to acquire Korean shareholder Microworks Co. , Ltd. (formerly known as SK Microworks Co. , Ltd., Iskahi Future Materials Co., Ltd.) holds 25.00% of the shares in Tongai Electronics. After the transaction is completed, the company will hold 100.00% of the shares in Tongai Electronics. Referring to the audit and evaluation results, the two parties proposed the share transfer price of 32.7 million yuan.

The transaction involved the company's acquisition of minority shares in a holding subsidiary, and did not involve personnel resettlement, land leasing, debt restructuring, etc. After the transaction is completed, Tongai Electronics will become a wholly-owned subsidiary of the company, which will help the company strengthen strategic planning and resource utilization of Tongai Electronics and improve decision-making efficiency with respect to the subsidiary.