Ningbo Fangzheng plans to acquire 60% equity in Junpeng Communication
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Ningbo Fangzheng announced plans to purchase 60% equity of Fujian Junpeng Communication held by Fujian Pengxin Chuangzhan in cash. Before the transaction, Ningbo Fangzheng held 40% equity of Junpeng Communication, while Pengxin Chuangzhan held 60%. This transaction constitutes a related party transaction, and after completion, Junpeng Communication will become a wholly-owned subsidiary of Ningbo Fangzheng
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