On June 20, Boyun New Materials announced that it had received a letter from the controlling shareholder Zhongnan University Powder Metallurgical Engineering Research Center Co., Ltd., and the Powder Metallurgy Center planned to plan a major event involving Boyun New Materials. It is expected to use the issued shares or issue cash. The way to acquire assets, the amount of assets to be acquired does not exceed RMB 900 million.
The announcement shows that the target company belongs to the auto parts industry, and Boyun New Materials intends to hire Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd. as an intermediary for this asset acquisition.

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