Jingwei Huikai has released an official announcement outlining its strategic decision to divest the business assets within its electronic information division, which encompasses several subsidiary entities, to Shenzhen Fujie Technology Co., Ltd. It is important to note that this divestiture excludes any non-electronic information business assets owned by these subsidiaries, as well as any equity investments that fall outside the consolidated financial scope. The transaction will be settled in cash, eliminating the need for any share issuances.
Prior to this strategic move, Jingwei Huikai's core operations spanned across the research, development, manufacturing, and marketing of liquid crystal displays, touch display modules, electromagnetic wires, and comprehensive information technology solutions. Following the completion of this transaction, the company will fully divest from its electronic information business segment. This divestiture will enable Jingwei Huikai to concentrate its efforts and resources on advancing its power sector endeavors and enhancing its information technology solutions business.
