Estun Automation to acquire 44.86% stake in subsidiary, raising control to 95%
On September 23, 2026, Estun Automation announced plans to acquire an additional 44.86% stake in its subsidiary, Estun Jiangsu Intelligent, from three state-backed funds. The acquisition, valued at a combined reserve price of approximately 250.85 million yuan, would increase Estun's ownership from 50.15% to 95.01%. The transaction is subject to public listing procedures and no formal agreement has been signed.
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Estun Automation Shares Rise on Plan to Acquire Majority Stake in Subsidiary
Shares of Estun Automation (02715) rose over 5% in intraday trading, later settling at a 3.36% gain to 15.16 Hong Kong dollars with a turnover of 51.2289 million Hong Kong dollars. The price movement followed the company's announcement on September 23, 2026, that its board has resolved to acquire an additional approximately 44.8601% stake in its subsidiary, Estun Jiangsu Intelligent, through a public tender process. The acquisition targets shares held by the National Manufacturing Fund, the Mixed Reform Fund, and the General Technology High-End Equipment Fund. The reserve prices for the two tranches of shares are 210.6 million yuan and 40.25 million yuan, respectively. The transaction is subject to a public listing and trading procedure, and no formal agreement has been signed as of the announcement date. Estun currently holds about 50.1506% of the subsidiary, and if the acquisition is completed, its stake would rise to approximately 95.0107%. Estun Jiangsu Intelligent provides intelligent manufacturing solutions for automation, digitalization, and transformation of production lines, serving markets such as lithium batteries, energy storage, new energy vehicles, and sheet metal.
Read sourceEstun Automation Rises Over 3% on Plan to Acquire 44.86% Stake in Estun Jiangsu Intelligent
Estun Automation (02715) saw its stock rise over 3% in Hong Kong trading, reaching 15.04 HKD with a turnover of 42.06 million HKD, following an announcement that its board resolved on September 23, 2026 to acquire approximately 44.8601% of the shares in its subsidiary Estun Jiangsu Intelligent through a public tender. The acquisition targets stakes held by the National Manufacturing Fund, the Mixed Reform Fund, and the General Technology High-End Equipment Fund. The base prices for the two tranches of shares are set at 210.6 million RMB and 40.25 million RMB respectively. The transaction is subject to public listing procedures and no formal agreement has been signed as of the announcement date. Estun currently holds about 50.1506% of the target company, and if the acquisition is completed, its stake would increase to approximately 95.0107%. Estun Jiangsu Intelligent provides automation, digitalization, and intelligent transformation solutions for industries including lithium batteries, energy storage, new energy vehicles, and sheet metal, and has delivered over 100 intelligent production lines.
Read sourceEstun Automation Plans to Acquire Additional 44.86% Stake in Estun Jiangsu Intelligent
Estun Automation Co., Ltd. (02715) announced on September 23, 2026, that its board has resolved to acquire an additional approximately 44.8601% equity interest in its subsidiary, Estun Jiangsu Intelligent, through a public tender process. The proposed acquisition involves purchasing stakes held by the National Manufacturing Fund, the Mixed Ownership Reform Fund, and the General Technology High-End Equipment Fund. The base prices for the two tranches of shares are set at RMB 210.6 million and RMB 40.25 million, respectively. The transactions are subject to public listing and trading procedures, and no formal agreement has been signed as of the announcement date. Estun currently holds about 50.1506% of the target company. If completed, its stake would increase to approximately 95.0107%, and the subsidiary's financial results would continue to be consolidated. Estun Jiangsu Intelligent provides automation, digitalization, and intelligent transformation solutions for industries such as lithium batteries, energy storage, new energy vehicles, and sheet metal. The company states that the acquisition is intended to deepen business and management synergies, strengthen group control and strategic execution, improve decision-making efficiency, and enhance its core competitiveness in the intelligent manufacturing sector, supporting long-term high-quality development.
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Estun Automation to Acquire 44.86% Stake in Subsidiary from Multiple Funds
On September 23, Estun Automation (002747.SZ) announced plans to increase its stake in its subsidiary, Estun Jiangsu Intelligent, from 50.1506% to 95.0107%. The company will acquire a combined 44.86% equity interest through two methods: first, by participating in a public listing at the Shanghai United Assets and Equity Exchange to purchase 19.4574% from the National Manufacturing Fund and 3.7834% from the Mixed Ownership Reform Fund, with base prices of 211 million yuan and 40.25 million yuan respectively; second, by signing a separate agreement to acquire 21.6193% from the Genertec High-End Equipment Fund. The transaction, reported by National Business Daily, will significantly consolidate Estun's control over its subsidiary.
Read sourceEstun Automation to acquire 44.86% stake in subsidiary, raising holding to over 95%
On September 23, Estun Automation (002747.SZ) announced plans to acquire a total of 44.86% equity in its subsidiary, Estun Jiangsu Intelligent, through two methods. First, via the Shanghai United Assets and Equity Exchange, it will purchase 19.4574% from the National Manufacturing Fund and 3.7834% from the Mixed Ownership Reform Fund, with respective minimum bid prices of 211 million yuan and 40.25 million yuan. Second, it will acquire 21.6193% from General Technology High-End Equipment Fund through a negotiated transfer. Upon completion, Estun's stake in the subsidiary will rise from 50.1506% to 95.0107%. The report originates from CBN Finance and is published on East Money's company news section.
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