On April 16, 2026, TBEA Co., Ltd. stated during an interactive Q&A session with investors on its online platform that the company's board of directors had approved the proposal regarding the acquisition of a partial equity stake in Yangzhou Shuguang Cable Co., Ltd. by its wholly-owned subsidiary at its Tenth Extraordinary Board Meeting in 2025. TBEA has since consolidated Shuguang Cable into its financial reporting scope, and the subsidiary is currently operating well.
Earlier, on October 16, 2025, TBEA (600089) announced that its wholly-owned subsidiary, TBEA Electrical Equipment Group, had acquired a 74.1942% stake in Yangzhou Shuguang Cable for 946 million yuan in cash, thereby gaining controlling interest in the company.
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