Changling Hydraulic: He Xin Bo Lang offers to acquire 17.2904 million shares of Changling Hydraulic.

On July 10, Jin10 reported that Changling Hydraulic announced that Core Wave issued a partial tender offer to all shareholders of Changling Hydraulic except the acquirer and its concerted parties. The number of shares planned for the tender offer is 17.2904 million shares (accounting for 12.00% of the listed company’s share ratio), with a tender offer price of 36.24 yuan/share. This tender offer is based on the premise that Core Listening Wave and Chenglian Shuangying intend to acquire 43.2117 million shares held by Xia Jifa and Xia Zemin of Changling Hydraulic. Upon completion of the acquisition, the acquirer Core Wave and its concerted parties will hold a maximum of 60.5022 million shares of Changling Hydraulic, accounting for 41.99% of the total shares of the listed company. The total funding required for this tender offer is expected to not exceed 627 million yuan. Core Wave has deposited 126 million yuan into the designated account of China Securities Depository and Clearing Corporation before the announcement as a performance margin for this tender offer.