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Topstrong Group: Plans to acquire a 51.5488% stake in Sidande; the company's business will expand into the electronic information field
Topstrong Innovation (300749) announced on March 13th that the company plans to acquire a 51.5488% stake in Xi’an Sidan De Information Technology Co., Ltd. (referred to as “Sidan De”) for 268 million yuan. Sidan De focuses on the research, development, production, sales, and technical services of electronic information-related products. It specializes in precise guidance systems, communication systems, and signal processing systems, catering to the demand for key equipment models both domestically and internationally. The company provides comprehensive solutions and supporting services to customers. After the completion of this transaction, the company’s business will expand into the electronic information field, which will help accelerate its strategic transformation and support the development of a second growth curve.