Solareast Holdings Co., Ltd. (SHSE:603366) agreed to acquire Jiangsu Hirsch Coating Technology Co., Ltd. from Lianyungang Zhongmi Trading Co., Ltd. for CNY 14. 8 million May 30, 2024. The transaction will be financed from own funds or self-raised funds.

The board of Solareast approved the transaction. Jiangsu Hirsch reported total assets of CNY 14.4 million and net assets of CNY 12.9 million as of April 30, 2024.