Autowell Technology to Add 9% Equity in Electromechanical Equipment-Making Subsidiary; Shares Up 1%

marketscreener
2025.09.15 07:15
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(MT Newswires) -- Wuxi Autowell Technology (SHA:688516) plans to acquire an additional 9% equity in its subsidiary, Wuxi Songci Electromechanical, for 143.9 million yuan, according to a Shanghai bourse filing on Saturday. The Chinese intelligent equipment manufacturer's shares rose less than 1% during Monday's trade. After the completion of the transaction, Autowell Tech's equity in the electromechanical equipment maker rises to 83%.

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