Luxshare Precision Accessory (Kunshan) Ltd. acquired an unknown minority stake in China Merchants Bank Co., Ltd. (SHSE:600036) for TWD 100 million on July 5, 2024. A cash consideration of TWD 100 million will be paid by Luxshare Precision Accessory (Kunshan) Ltd. As part of consideration, TWD 100 million is paid towards common equity of China Merchants Bank Co., Ltd.
Luxshare Precision Accessory (Kunshan) Ltd. completed the acquisition of an unknown minority stake in China Merchants Bank Co., Ltd. (SHSE:600036) on July 5, 2024.