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Xinhao Optoelectronics: Strategic Plan to Transfer Full Ownership of Subsidiary to Luxshare Precision
6 day ago /
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Author：小编
Xinhao Optoelectronics has announced its intention to transfer 100% of the equity in its wholly-owned subsidiary, Anhui Xinhao Optoelectronics, to Luxshare Precision. Both parties have already reached a preliminary agreement on this transaction. Notably, Wang Laisheng, the father of Xinhao Optoelectronics' director Wang Yayuan, holds a controlling stake in Luxshare Precision, thus categorizing this deal as a related party transaction. Following the completion of audits and evaluations, the two entities will formalize the agreement. This strategic move aims to streamline Xinhao Optoelectronics' resource allocation, allowing the company to concentrate on expanding its glass protective screen business and advancing energy storage projects.
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