Nov 29, 2021 04:19 PM (GMT+8) · EqualOcean
Cailian news agency, Nov. 29, Tongguang cable announced that in order to reduce the management level, optimize the management structure and improve the asset operation efficiency, the company held the 11th meeting of the Fifth Board of directors on November 29, 2021, considered and adopted the proposal on acquiring 49% equity of Jiangsu Tongguang Haiyang photoelectric technology Co., Ltd. held by a wholly-owned subsidiary, The board of directors agreed that the company would use its own capital of RMB 62.7924 million to acquire 49% equity of Tongguang ocean Optoelectronics Technology Co., Ltd. (hereinafter referred to as "ocean optoelectronics") held by Tongguang QianNeng, a wholly-owned subsidiary.