On the evening of May 16, Wentai Technology (stock code: 600745) announced its intention to sell 100% of the equity in Kunming Wenxun, Huangshi Zhitong, Kunming Zhitong, Shenzhen Wentai, and Hong Kong Wentai (inclusive of Indonesia Wentai), along with the business asset packages of Wuxi Wentai, Wuxi Wenxun, and India Wentai, to Luxshare Precision and Luxshare Communications for a cash consideration of RMB 4.389 billion. Upon completion of this transaction, Wentai Technology will strategically exit the product integration sector, refocusing its resources on the expansion of its semiconductor business.
