Shenghong Technology: Fully-Owned Grandchild Entity Finalizes 100% Equity Purchase of Overseas Firm

11 hour ago / Read about 0 minute

Author：小编

On January 23, 2026, Shenghong Technology disclosed its intention to acquire, via its fully-owned grandchild entity MFSS based in Singapore, 100% of the equity in SPMY. This acquisition will be executed with a cash payment not exceeding US$51 million. SPMY is, in turn, indirectly wholly-owned by a key holding subsidiary of TCL Zhonghuan New Energy. By February 13, MFSS had remitted the entire agreed sum, thereby concluding the transaction. Through MFSS, Shenghong Technology has now secured complete ownership of SPMY, with plans to revamp and incorporate SPMY into a Malaysia-based production hub specializing in FPC/PCB manufacturing in the foreseeable future.

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