Minxin Co., Ltd. announced that the company plans to issue shares to specific targets through a simple procedure. The total amount of capital raised will not exceed 212 million yuan. After deducting the issuance fee, 177 million yuan will be used to obtain 54% of Pudan Optoelectronics's shares in cash, and 35 million yuan will be used to supplement working capital. The insufficient amount of capital raised will be covered by the company's own funding. The acquisition uses a combination of equity transfer and capital increase, with a total transaction consideration of 177 million yuan. After completion, Pudan Optoelectronics will become the company's holding subsidiary, and this transaction does not constitute a major asset restructuring.

Minxin Co., Ltd. announced that the company plans to issue shares to specific targets through a simple procedure. The total amount of capital raised will not exceed 212 million yuan. After deducting the issuance fee, 177 million yuan will be used to obtain 54% of Pudan Optoelectronics's shares in cash, and 35 million yuan will be used to supplement working capital. The insufficient amount of capital raised will be covered by the company's own funding. The acquisition uses a combination of equity transfer and capital increase, with a total transaction consideration of 177 million yuan. After completion, Pudan Optoelectronics will become the company's holding subsidiary, and this transaction does not constitute a major asset restructuring.