Dec 02, 2020 08:54 PM (GMT+8) · EqualOcean
Tongyu communication announced that the company, Luo Weicai and Shenzhen Qiantong Technology Co., Ltd. (hereinafter referred to as "Qiantong technology") signed the equity transfer agreement of Shenzhen Qiantong Technology Co., Ltd. in Zhongshan City, Guangdong Province on December 2, 2020. After the signing of this agreement, the company will transfer 6.25% equity of Qiantong technology, with a transaction price of 5 million yuan. The company has synergy with Qiantong technology business. This investment in Qiantong technology will give full play to the technical advantages of Qiantong technology in the field of core network, cut into the core network field, connect with the existing communication business of the company, and promote the steady development of the company's 5g communication industry. Qiantong Technology will also rely on the company's sales channels to expand the 5g industry market.