Changyuan Donggu to buy Kanghao Electromechanical for 5.01B yuan

TREE NEWS update: Changyuan Donggu announced a plan to acquire 100% of Xiangyang Kanghao Electromechanical Engineering from Hubei Xinyuan Power Technology Group for 5.01 billion yuan, paid via new share issuance. It will also raise up to 2 billion yuan in a private placement to no more than 35 investors. The deal, priced at 29.75 yuan per share, constitutes a related-party transaction and major asset restructuring but not a reverse takeover. Completion requires shareholder approval, SSE review, and CSRC registration.