Huizhou Speed Wireless Technology Co.,Ltd. cancelled the acquisition of 51% stake in Suzhou Baolingtai Precision Technology Co., Ltd. from Huang Yuan.
January 25, 2019
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Huizhou Speed Wireless Technology Co.,Ltd. (SZSE:300322) agreed to acquire 51% stake in Suzhou Baolingtai Precision Technology Co., Ltd. from Huang Yuan for CNY 33.2 million on January 26, 2018. Huang Yuan will hold 29% stake in Suzhou Baolingtai Precision Technology Co., Ltd. after the transfer. Suzhou Baolingtai Precision Technology Co., Ltd. had total assets of CNY 19.1 million, net assets of CNY 5.3 million, revenue of CNY 40.6 million and net profit of CNY 3.9 million in 2017. The transaction has been approved by the Board of Directors of Huizhou Speed Wireless Technology Co.,Ltd. during the 21st (Extraordinary) meeting of the 3rd directorate, and does not need the shareholders’ approval.
Huizhou Speed Wireless Technology Co.,Ltd. (SZSE:300322) cancelled the acquisition of 51% stake in Suzhou Baolingtai Precision Technology Co., Ltd. from Huang Yuan on January 26, 2019.
Huizhou Speed Wireless Technology Co.,Ltd is a China-based company primarily engaged in the research, development, production and sales of wireless communication terminal antennas. The Company primarily provides mobile phone antennas, including mobile phone built-in antennas, mobile television antennas and mobile payment antennas; antennas for notebook computers, including notebook computer built-in antennas and wireless data card antennas; as well as vehicle mounted antennas. The Companyâs antennas are applied in mobile communication devices such as mobile phones, tablets, computers, automobiles, mobile payment terminals and wearable products. The Company also provides fingerprint modules, precision structural parts and package processing services. The Company distributes its products within domestic market and to overseas markets.
HUIZHOU SPEED WIRELESS TECHNOLOGY CO.,LTD. 
