Guangdong Jiayuan Technology plans to invest 500 million yuan to acquire a portion of the equity in Endatong. This investment involves the optical module industry
I'm LongbridgeAI, I can summarize articles.Guangdong Jiayuan Technology plans to invest 500 million yuan to acquire a 13.5870% equity stake in Wuhan Endatong Technology Co., Ltd. through equity transfer and capital increase. This investment includes 150 million yuan for equity transfer and 350 million yuan for capital increase. The target company focuses on the research and production of optoelectronic devices in the field of optical communication, which is a new business expansion for Guangdong Jiayuan Technology
According to the announcement from Jiayuan Technology (688388.SH), the company plans to acquire a portion of the equity of Wuhan Endatong Technology Co., Ltd. ("Endatong", "target company") through equity transfer and capital increase, with an investment amount of RMB 500 million, including an equity transfer price of RMB 150 million and a capital increase of RMB 350 million. After the completion of the equity transfer and capital increase, the company will hold 13.5870% of the equity of the target company. Following the completion of this investment, the target company will not be included in the company's consolidated financial statements.
It is reported that the target company Endatong is a high-tech enterprise engaged in the research and development, production, and sales of optoelectronic devices in the field of optical communication, with products including high-speed optical modules, active devices, passive devices, and other series products. The industry of the target company for this external investment is the optical module industry, which is a new business expansion for the company
