Planning to acquire Botai's voting rights, Ruineng Technology will suspend trading starting March 26.

Beijing Business Daily (Reporter Wang Manlei) On the evening of March 25, Ruineng Technology (603933) announced that the company is planning to acquire control of Botai Intelligent Equipment (Guangdong) Co., Ltd. (hereinafter referred to as “Botai Intelligent”) by combining the issuance of A-share shares and cash payments, while also raising supporting funds. The company’s stock will be suspended from trading starting March 26. The suspension is expected to last no more than 10 trading days.

The announcement indicates that Ruineng Technology intends to acquire no more than 75% of the target company’s equity through a combination of issuing shares and cash payments to gain control of the target company. According to preliminary calculations, this transaction is not expected to constitute a major asset reorganization as defined by the “Major Asset Restructuring Management Measures for Listed Companies.” This transaction will not result in a change of control of the company. Furthermore, the audit and evaluation of the target company have not yet been determined, and the valuation for this transaction has not been established.

Botai Intelligent’s official website shows that the company focuses on the research, development, production, and sales of precision drive control positioning products.