UBTECH signs agreement to acquire 29.99 percent of Zhejiang Fenglong Electric and launches a partial tender offer
Date: 2025-12-24 · Type: acquisition · Company: Zhejiang Fenglong Electric
Zhejiang Fenglong disclosed that UBTECH signed a share transfer agreement to acquire 65,529,906 shares, representing 29.99 percent of the company, from its controlling shareholder.
- Zhejiang Fenglong disclosed that UBTECH signed a share transfer agreement to acquire 65,529,906 shares, representing 29.99 percent of the company, from its controlling shareholder.
- On the same date, UBTECH issued a tender offer summary for additional shares that would bring its ownership to not less than 43.00 percent if completed.
- The transaction was explicitly framed as a control-change deal rather than a passive financial investment.
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