Guantao Advises Huayan Cheng on Its Increased Acquisition of Shares in Huacheng Industrial Control Co., Ltd. (Stock Code: 873553)
Guantao Law Firm Nanjing Office assisted the acquirer Shenzhen Huayan Cheng Enterprise Management Partnership (Limited Partnership) (“Huayan Cheng”) in increasing its shareholding in Huacheng Industrial Control Co., Ltd. (“Huacheng Industrial Control”, stock code 873553) through call auction trading.
Founded in 2005, Huacheng Industrial Control is a national high technology enterprise centered on the research and development of motion control systems and is recognized as a specialized and innovative “Little Giant” enterprise. The company currently holds nearly 1,000 items of proprietary intellectual property. Huacheng Industrial Control has independently developed an integrated drive and control technology that enables robots to function as integrated automation systems that are ready for immediate deployment, contributing to the advancement of domestically developed robotics. At present, the company offers linear robot control systems, multi joint robot control systems, and embodied intelligence control systems, covering application scenarios such as palletizing, material handling, soldering, dispensing, spraying, and bending. Its solutions are widely applied across industries including injection molding, metal processing, consumer electronics, packaging, lithium battery manufacturing, and new energy.
The acquirer was optimistic about the development prospects of Huacheng Industrial Control and increased its shareholding to obtain control of the company through this acquisition. Following the transaction, Huayan Cheng, together with parties acting in concert, became the largest shareholder of Huacheng Industrial Control, and Tang Yong became its ultimate controlling person. After completion of the acquisition, the acquirer will continue to improve the company’s operations and management, enhance Huacheng Industrial Control’s sustainable profitability, increase the value of its shares, and support the company’s long term development.
Guantao Law Firm Nanjing Office served as legal counsel to the acquirer Huayan Cheng. Partners Xi Chuanjiang and Min Dan led the legal team in providing comprehensive and efficient legal services for the acquisition transaction.