Shenzhen Dawei Innovation Technology Co., Ltd. completed the acquisition of remaining 40% stake in Shenzhen Xinhuiqun Microelectronics Technology Co., Ltd. from Yongfeng County Mingui Information Industry Center (Limited Partnership) and Yongfeng County Huajia Information Industry Center (Limited Partnership).
December 24, 2021
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Shenzhen Dawei Innovation Technology Co., Ltd. (SZSE:002213) agreed to acquire remaining 40% stake in Shenzhen Xinhuiqun Microelectronics Technology Co., Ltd. from Yongfeng County Mingui Information Industry Center (Limited Partnership) and Yongfeng County Huajia Information Industry Center (Limited Partnership) for CNY 60 million on December 19, 2021. Within 5 working days after the completion of the transfer, the Company will pay CNY 32 million. Before September 30, 2022, the Company will pay CNY 28 million. Shenzhen Xinhuiqun Microelectronics reported total assets as approximately CNY 120 million and net assets as CNY 36.2 million for the period end on July 31, 2021. The transaction has been approved by the board of directors of Shenzhen Dawei Innovation Technology and does not require shareholders approval.
Shenzhen Dawei Innovation Technology Co., Ltd. (SZSE:002213) completed the acquisition of remaining 40% stake in Shenzhen Xinhuiqun Microelectronics Technology Co., Ltd. from Yongfeng County Mingui Information Industry Center (Limited Partnership) and Yongfeng County Huajia Information Industry Center (Limited Partnership) on December 25, 2021.
Shenzhen Dawei Innovation Technology Co Ltd, formerly Shenzhen Terca Technology Co Ltd, is a company mainly engaged in research and development, production and sales of automobile retarders and its accessories. The Company operates two major businesses which are automotive business and information business. The automotive business mainly sells retarders and accessories, including eddy current retarders and hydraulic retarders. The products are used in large and medium long-distance tourist buses and trucks. The information business is involved in procurement, integration and sales of communication equipment, computers and other electronic equipment, and provision of related technical services. The Company also operates lease of factories and dormitories.
Shenzhen Dawei Innovation Technology Co., Ltd. completed the acquisition of remaining 40% stake in Shenzhen Xinhuiqun Microelectronics Technology Co., Ltd. from Yongfeng County Mingui Information Industry Center (Limited Partnership) and Yongfeng County Huajia Information Industry Center (Limited Partnership).