Guizhou Space Appliance Co., LTD agreed to acquire a 51% stake in Shenzhen Smart Micromotor Co., Ltd from Linquan Aerospace Motor Co., Ltd. for CNY 19 million.
June 27, 2022
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Guizhou Space Appliance Co., LTD (SZSE:002025) agreed to acquire a 51% stake in Shenzhen Smart Micromotor Co., Ltd from Linquan Aerospace Motor Co., Ltd. for CNY 19 million on June 25, 2022. Guizhou Space Appliance Co., LTD board approved the transaction. As of March 31, 2022, Shenzhen Smart Micromotor Co., Ltd reported EBIT of CNY 11.07 million, net income of CNY 0.38 million and total assets of CNY 35.13 million.
Guizhou Space Appliance Co., LTD is principally engaged in the research, development, manufacture and sale of electronic components. The Company primarily offers relay series, including temperature relays, timing relays, special relays, counterbalance relays sealed electromagnetic relays and solid state relays; connector series, including airproof connectors, radio frequency (RF) coaxial connectors and optical fiber connectors, among others, as well as electrical motors, including servo motors, brushless direct current motors and direct current torque motors, among others. The Company's products are mainly applied in space, aviation, electronics, communications, industrial control, precision instruments, ships, satellites and other industries. The Company distributes its products throughout China.
Guizhou Space Appliance Co., LTD agreed to acquire a 51% stake in Shenzhen Smart Micromotor Co., Ltd from Linquan Aerospace Motor Co., Ltd. for CNY 19 million.
GUIZHOU SPACE APPLIANCE CO., LTD 
