Union Optech: Subsidiary plans to sell millimeter-wave radar-related assets to Millimeter Automotive and increase its capital
Union Optech announced that its holding subsidiary, Zhongshan Union Automotive Technology Co., Ltd., sold all research and development results, design materials, intellectual property, unfulfilled orders, and customer relationships related to millimeter-wave radar to Guangdong Millimeter Automotive Technology Co., Ltd. for 30 million yuan. At the same time, it will use its own funds to increase its investment in Millimeter Automotive by 15 million yuan to acquire a 30% stake. This transaction constitutes a related party transaction, as Millimeter Automotive is 14.286% owned by Zhongshan Lianxin Equity Investment Partnership, which is controlled by Liu Hong, a shareholder holding more than 5% of the company
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments