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Welling Holding exclusion of 75 million yuan holdings of washing motor busines

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Welling Holding (0.415,0.01,2.47%, the economy through real-time quotes) (00382) announced that wholly owned subsidiary of washing motor Welling United States yesterday, the contact with the controlling shareholder of Wuxi Little Swan for a new equity transfer agreement to a cash consideration of 7,500 million yuan acquisition of Wuxi Little Swan Electric 100% stake in China and India. After the acquisition, China and India will become a wholly-owned subsidiary of the company. China and India mainly engaged in manufacturing electrical appliances (mainly for washing motor).
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