CATEC: The amount of this asset swap and related party transaction is expected to be 940 million yuan

36Kr learned that CATEC announced that the company's controlling subsidiary, Times Optoelectronics, plans to conduct an asset swap with the Xi'an Microelectronics Institute managed by Aerospace Times. This involves a 100% equity stake in Aerospace Xinghua and a 58% equity stake in Xi'an Taiyi. In addition, Aerospace Rocket Company and Shanghai Aerospace Company will also conduct asset swaps with Beijing Telemetry Institute and Shanghai Scientific Instrument Factory, respectively. This transaction constitutes a related party transaction, with an expected amount of 940 million yuan, which needs to be submitted for shareholder meeting approval. The evaluation results of the transaction targets must go through the filing procedures of the state-owned asset management department, and the asset swap agreement will be signed after the filing is completed