Is it legal for Dongyang Precision Machinery (Kunshan) Co., Ltd. to be acquired?

Legal. Dongyang Precision is a metal frame material designer, whose main business is to design, develop and manufacture metal frame materials for information technology products. Ji Wei Com News:101On October 20th, Shengrui Technology announced that Yizeng Investment, an indirect wholly-owned subsidiary of the company, entered into an equity transfer agreement with Dongyang Institute of Physical Chemistry. According to the terms and conditions of the Equity Transfer Agreement, the Company's Dongyang Institute of Physics and Chemistry agreed to sell, and Yizeng Investment agreed to buy 0/00% equity of Dongyang Precision Machinery (Kunshan) Co., Ltd./KLOC-at a consideration of RMB 450 million.