Consumer Discretionary Jun 24, 2022 06:50 PM (GMT+8) · EqualOcean
According to the announcement of Hengtong optoelectronics, the holding subsidiary Jiangsu Hengtong ocean optical network system Co., Ltd. and Suzhou Hengtong Yongyuan venture capital partnership (limited partnership) controlled by the company intend to jointly acquire 19% of the equity of Huahai Communication International Co., Ltd. held by new Saxon 2019 limited with the acquisition ratio of 5%, 7% and 7% respectively, and the transaction price of US $14.25 million respectively US $1995 million and US $1995 million. This transaction will increase the proportion of the company's control over Huahai communication.