Source: Financial sector website

Zhanpeng TechnologyThe intraday trend is skyrocketed. Up to now, individual stocks have fallen by more than 9%.

According to the news, Zhanpeng Technology announced on July 10 that the company plans to issue shares and pay cash to purchase BotanTech 100% equity, the exact price is yet to be determined. In addition, the company plans to raise supporting capital from Haichuang Investment's non-public offering of shares. The transaction is expected to constitute a major asset restructuring. After the transaction is completed, Zhanpeng Technology's main business scope will expand to R&D, design and sales services for new energy vehicle parts products and core equipment for power exchange networks. The products include power exchange system assemblies, motors, and electronic controls for electric transformable pure electric vehicles.

According to Tianyancha data, Botan Technology was founded in 2014 and is mainly engaged in R&D, design and sales of NEV vehicle and component systems, as well as technical services such as operation and maintenance of NEV power exchange stations. Zhanpeng Technology, on the other hand, is mainly engaged in R&D, production and sales of elevator door systems, elevator integrated control systems, elevator cars, and supporting components for door systems.

According to the industry, if the deal is successful, Zhanpeng Technology will cross the border from an elevator company into the popular NEV sector.