China's BOE to Buy 17% Stake in EHII to Boost IoT Prowess
Chinese display maker BOE Technology Group will become unprofitable affiliate Electronics Holding Industry Investment's second-largest shareholder, purchasing a 17 percent stake in the Beijing-based industrial investment platform for CNY 100 million (USD14.3 million) to have a total of 33 percent of its equity.
EHII will help BOE find merger and acquisition opportunities in upstream and downstream IoT supply chains to boost its core competitiveness and profitability, the company addressed.
This text is a result of machine translation.
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