Cubic Sensor and Instrument Co.,Ltd. (688665.SS)

Cubic Invests in LOPE and Jingding Electric to Create a Comprehensive Supply Chain for Premixed Gas Condensing Boilers

Recently, Cubic Sensor and Instrument Co.,Ltd. (hereinafter referred to as "Cubic") announced its strategic investment in Zhongshan LOPE Thermal Technology Ltd. (hereinafter referred to as "LOPE"), and Guangzhou Jingding Electric Technology Co., Ltd. (hereinafter referred to as "Jingding Electric") at the signing ceremony at Cubic R&D center. Cubic will acquire a 57.14% equity stake in LOPE and a 51% stake in Jingding Electric through a combination of capital transfer and capital increase. This