Cambridge Technology shareholders transferred their shares from Wansheng Financial Holdings to HSBC Hong Kong, with a transfer market value of HKD 1.34 billion

According to the latest information from the Hong Kong Stock Exchange, on October 31, shareholders of CIG transferred their shares from WanSheng Financial Holdings to HSBC Hong Kong and Shanghai Banking Corporation, with a transfer market value of HKD 1.34 billion, accounting for 22.52%. According to the prospectus, CIG is primarily engaged in the design, development, and sale of connectivity and data transmission devices. During the track record period, the company generated revenue mainly from the sale of broadband, wireless, and optical module technology products. According to Frost & Sullivan, the company is one of the few that provides the aforementioned three types of technology products to global customers. During the track record period, revenue from overseas markets accounted for 82.9%, 89.3%, 92.6%, and 94.0% of the company's total revenue, respectively. In addition to its business in China, the company has also established a joint headquarters in the United States, with overseas R&D centers in the United States and Japan, overseas sales offices in the United States and Italy, and overseas manufacturing bases in the United States, Germany, and Malaysia