TREE NEWS update: Zhen’an Technology said it plans to acquire at least 51% of Shenzhen Sanwei Electromechanical Equipment from Tang Haoran and Yi Bo for cash under a letter of intent signed on October 22, 2026. The company expects the deal to constitute a major asset restructuring, with no share issuance, no related-party transaction and no change in controlling shareholder. Shenzhen Sanwei makes heat-dissipation products, tooling fixtures and precision parts and would become a consolidated subsidiary.
Zhen’an Technology to Acquire at Least 51% of Shenzhen Sanwei in Cash Deal
The all-cash structure and the explicit absence of share issuance or a change in control make this a balance-sheet story rather than a governance one: the buyer keeps its ownership map intact while converting cash into a consolidated manufacturing asset. That matters most for minority holders weighing dilution risk against the loss of liquidity, and for Shenzhen Sanwei's precision-parts niche, which folds into a listed parent rather than standing alone. The open questions are the final stake above the 51% floor, the cash outlay's effect on the acquirer's balance sheet, and whether the major-restructuring classification triggers additional review.
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