On October 23rd, Yuefeng Technology and Wuxi Mengying Electronic Technology signed the "Equity Acquisition Agreement" officially, planning to acquire 51% equity of Mengying Technology with cash. After this transaction is completed, Mengying Technology will become a controlled subsidiary of Yuefeng Technology and will be included in the consolidated financial statements of the listed company.
Mengying Technology was established in 2010 with a registered capital of 15 million yuan. Its main business is the research, production and sales of core components for AMHS systems. Core products include OHCV (handling equipment), Stocker (storage equipment) and high-precision mechanical processing parts, mainly providing supporting equipment for the automated transmission and storage of materials for high-end production lines. The products are widely used in high-end manufacturing fields such as new display panels and semiconductor packaging and testing. Currently, the company's downstream customers are mainly in the panel industry, and the semiconductor field is an important expansion direction. In the future, Mengying Technology will continue to deeply focus on the high-end clean logistics equipment sector and position itself as a core supplier for the domestic substitution of high-end clean logistics equipment.
Yuefeng Technology's General Manager Liu Lin said: After this transaction is completed, the company will expand into the automatic material handling system (AMHS) equipment field. The production of automation equipment of Mengying Technology requires the use of aluminum extrusion profiles, which can form internal supply chain collaboration with the company's existing business; at the same time, the company's intelligent engineering business can also undertake related equipment installation services, thus connecting the downstream application scenarios of high-end intelligent equipment. Through this acquisition, the company will quickly enter the equipment and equipment field, cultivate the second growth curve, and optimize the overall business structure.
