AIFU To Acquire Shenzhen Waltz New Material, Expanding Its Presence in the High-Tech Sector
AIFU entered into an agreement to acquire all equity interests in Waltz Investment Holding Ltd., which indirectly holds 99% of Shenzhen Waltz New Material Applied Technology Co., Ltd. The transaction values the target company at approximately US$44.61 million, or RMB300 million.
Why it matters — The proposed acquisition would expand AIFU’s presence in the high-tech sector through its indirect interest in Shenzhen Waltz.