Housheng Electromechanical Corp. has issued a major message regarding the acquisition of assets by its key subsidiary, Housheng (China) Co., Ltd. The key details are as follows:
1. Asset Name: Copiers for rental and leasing purposes. 2. Date of Occurrence: From September 30, 2025, to May 18, 2026. 3. Total Transaction Amount: TWD 289,191,701. 4. Counterparty: Shanghai Aurora Office Automation Sales Co., Ltd. (a related party). 5. Purpose of Acquisition: For leasing and rental operations. 6. Price Determination: Negotiated price based on prevailing market rates. 7. Payment Terms: Within 4 months after the completion of equipment delivery.
The transaction was approved by the Board of Directors on May 18, 2026. The selection of the counterparty was based on the compatibility of their office equipment with customer requirements. These assets are intended to meet the growing demand for equipment leasing in the Chinese market, reinforcing the company's recurring revenue model.
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- Source: PR Times
- Category: News