Zhejiang Fenglong Electric announces progress on UBTECH tender offer

Date: 2026-02-24 · Type: acquisition · Company: Zhejiang Fenglong Electric

Zhejiang Fenglong announced progress on the UBTECH acquisition and tender-offer process.

Zhejiang Fenglong announced progress on the UBTECH acquisition and tender-offer process.
The filing reiterated the signed transfer of the 29.99 percent block and the follow-on partial offer structure tied to UBTECH's planned control of the company.
This kept the acquisition process as a live control-change event rather than a closed historical announcement.