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On September 9, Dongzhu Ecology (603359.SH) disclosed its intention to acquire an 89.49% stake in Carry Star Communications. This will be accomplished through a combination of share issuance and cash payment, at a rate of 5.47 yuan per share, while also arranging for matching (here, it implies 'complementary' or 'additional') funds. Trading of the company's stock is scheduled to recommence on September 10. Carry Star Communications is a specialist in the research, development, design, and manufacturing of satellite communication technologies and systems. Once this acquisition is finalized, Dongzhu Ecology will undergo a strategic transformation, venturing into the realm of satellite communication and spatial information technology, thereby forging a second avenue for growth.
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