On November 4, Redic announced its plan to purchase RMB 744,100 of registered capital in Oyi Technology with cash and to increase its capital to acquire a 20.41% stake, with an overall consideration of approximately RMB 160 million. Founded in 2015, Oyi Technology possesses two major technologies: robotics and brain-computer interface, with its products applied in fields such as educational research and neurological rehabilitation.
