Search
Fujian Dongbai Chuangzhi Investment Co., Ltd., a fully-owned subsidiary of Dongbai Group, is set to acquire a 52.6667% equity interest in Hangzhou Kuailing Optoelectronics Technology Co., Ltd. at a price of RMB 316 million. This move has already received the green light from the company's board of directors. Upon the completion of this transaction, both Kuailing Optoelectronics and its wholly-owned subsidiary, Zhejiang Guangte Technology Co., Ltd., will be consolidated into Dongbai Group's financial statements. Kuailing Optoelectronics is a specialist in the research, development, manufacturing, and marketing of indium phosphide-based photodetector chips, with its products finding applications in areas such as lidar systems and optical communication.
-
C114 Communication Network -
Communication Home
