Jan 28, 2021 09:16 PM (GMT+8) · EqualOcean
Julong technology announced that the company plans to purchase 100% of the shares of United ChuangTai held by Yingtang ChuangTai in the form of cash payment. After the completion of this transaction, United ChuangTai will become a wholly-owned subsidiary of Julong technology. The initial transaction price of the underlying assets is between 1.58 billion yuan and 1.78 billion yuan. After the completion of this transaction, the listed company will increase its capital by no less than 200 million yuan. The core products of United ChuangTai are data memory, main control chip and other IC products. The company plans to take this reorganization as a breakthrough to enter the electronic components distribution industry.