---
title: "Datang Telecom: Plans to waive the right of first refusal for equity in its controlling subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299425417.md"
description: "Datang Telecom announced its intention to waive the right of first refusal for a 24.4356% stake in its controlling subsidiary Datang Microelectronics, with a transaction price of 460 million yuan. The transferee is the controlling shareholder China Information Communication Technology Group. This matter constitutes a related party transaction and will not result in changes to the scope of the consolidated financial statements or changes in shareholding ratios. Currently, it has been approved by the board of directors and is pending approval by the shareholders' meeting. Another shareholder, the First Research Institute of the Ministry of Public Security, is in the process of waiving its right of first refusal"
datetime: "2026-09-18T09:20:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299425417.md)
  - [en](https://longbridge.com/en/news/299425417.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299425417.md)
generator: "portal-rs"
---

# Datang Telecom: Plans to waive the right of first refusal for equity in its controlling subsidiary

Datang Telecom announced that the company intends to waive the preemptive right to acquire 24.4356% equity in its controlling subsidiary Datang Microelectronics held by the Guoxin Jianyuan Fund, with a corresponding transaction price of 460 million yuan. The transferee is the company's controlling shareholder China Information Communication Technology Group. This transaction constitutes a related party transaction. The waiver of the preemptive right will not result in changes to the company's consolidated financial statement scope, nor will it affect the company's shareholding ratio in Datang Microelectronics. This matter has been approved by the company's board of directors and is subject to review by the company's shareholders' meeting. Another shareholder of Datang Microelectronics, the First Research Institute of the Ministry of Public Security, is currently undergoing the approval process to waive its preemptive right

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**