Highbroad Advanced Material Co., Ltd. agreed to acquire remaining 10% stake in Hefei Xingchen New Materials Co., Ltd. from Wang Chengguo for CNY 19.5 million.
September 14, 2023
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Highbroad Advanced Material (Hefei) Co., Ltd. (SZSE:301321) agreed to acquire remaining 10% stake in Hefei Xingchen New Materials Co., Ltd. from Wang Chengguo for CNY 19.5 million on September 15, 2023. The Highbroad Advanced Material (Hefei) Co., Ltd. (SZSE:301321) held the 1st meeting of the 4th board of directors and the 1st meeting of the 4th board of supervisors on September 15, 2023, which deliberated and approved the "Proposal on the Acquisition of Minority Shareholder Equity of the Controlled Subsidiary Hefei Xingchen New Materials Co., Ltd.
Highbroad Advanced Material Hefei Co Ltd is a China-based company mainly engaged in the manufacture of backlight display modules, an component of semiconductor display panels. The Company's businesses include optical design, light guide plate design, precision mold design, overall structure design, product intelligent manufacturing, and others. The Company's main products include backlight display modules, light guide plates, precision structural parts, optical materials and other related components. The Company's products are widely used in terminal products such as laptops, tablets, desktop monitors, car screens, mobile phones, medical monitors and industrial control monitors. The Company mainly operates its businesses in the domestic market.
Highbroad Advanced Material Co., Ltd. agreed to acquire remaining 10% stake in Hefei Xingchen New Materials Co., Ltd. from Wang Chengguo for CNY 19.5 million.